Economics · Employment and Macroeconomics
In the Indian economic context, what does the term 'Jobless Growth' primarily refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A decline in government social security expenditure despite overall economic expansion.
- 2Growth confined only to the agricultural sector, while industrial and service sectors shrink.
- 3A situation where GDP is growing at a significant rate, but employment generation remains stagnant or grows much slower than the labor force.✓
- 4An economy experiencing recession with negative GDP growth.
Correct answer
A situation where GDP is growing at a significant rate, but employment generation remains stagnant or grows much slower than the labor force.
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