Economic growth that is not really jobless
An analysis based solely on the aggregate trends in overall employment growth can be misleading
Employment growth is as important an indicator of an economy’s health as is the growth in its gross domestic product (GDP). This is because the pace of job creation tells us how inclusive a country’s economic growth is. While India’s official statistical agencies publish data on incomes (or GDP) at an annual and even quarterly basis, data on employment in the country based on large sample surveys was, until recently, available only at an interval of five years.
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