Context
A recent report says the relationship between India's GDP growth and the generation of employment for its people has become weaker over time.
Let us see the relationship between GDP growth and Employment.
What is GDP growth?
How employment is related to Growth?
Factors affecting employment and growth:
Conclusion
GDP growth and unemployment are closely related in the sense that a growing economy typically leads to lower unemployment rates, and a shrinking economy often results in higher unemployment. However, the relationship is not always straightforward, and various factors, including government policies and global influences, can modify this link. Understanding this relationship is essential for policymakers, businesses, and individuals seeking to make informed economic decisions.
Verifying, please be patient.