Economics · Indian Economy - Employment
What is considered a major reason for the phenomenon of 'jobless growth' observed in India during the post-1991 reform period?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The domestic labor force was unwilling to take up low-tier or manual employment opportunities
- 2The informal sector completely blocked the execution of reforms, preventing new industries from opening
- 3The majority of the labor force was already optimally employed, eliminating the need for new jobs
- 4Economic growth and productivity gains were primarily driven by capital-intensive and formal services sectors✓
Correct answer
Economic growth and productivity gains were primarily driven by capital-intensive and formal services sectors
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