Topics:
CH-6: EMPLOYMENT : GROWTH, INFORMALISATION AND OTHER ISSUES, Indian Economic Development, NCERT Books
GDP vs Employment Late 1990s
In the late 1990s, what disheartening development occurred in India's employment scenario?
- GDP growth started declining
- Employment growth started declining — Correct Answer
- Both GDP and employment grew rapidly
- Formal sector employment doubled
Explanation:
Correct Answer Explanation
In the late 1990s, employment growth started declining and reached the level of growth that India had in the early stages of planning.
Key Points:
- There was a widening gap between GDP growth and employment growth.
- GDP continued to grow but without proportional employment.
- This is termed as jobless growth.
- Employment growth rate was not more than 2% throughout 1950-2010.
Why Other Options Are Wrong
- A: GDP continued to grow.
- C: Only GDP grew, not employment proportionally.
- D: Formal sector employment actually declined after reforms.
📚 About this Topic — CH-6: EMPLOYMENT : GROWTH, INFORMALISATION AND OTHER ISSUES
This multiple choice question is from CH-6: EMPLOYMENT : GROWTH, INFORMALISATION AND OTHER ISSUES, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-6: EMPLOYMENT : GROWTH, INFORMALISATION AND OTHER ISSUES to strengthen your preparation.
