Question

“In the late 1990's India experienced a widening gap between the growth of GDP and employment generation”. Discuss. 

Answer 1

Yes, Inclia noted a widening disparity between GDP growth and employment generation in the late 1990s.

Reasons:

1. India suffered jobless growth, that is, economic expansion without significant job creation.
2. India implemented economic reforms, one of which was globalization.
3. MNCs were mostly responsible for growth. Instead of employing people, these businesses made use of cutting-edge technology. It resulted in the economy experiencing jobless growth.