India's Employment Growth and Economic Progress
Employment Growth
- Employment in India increased by 36%, adding 170 million jobs between 2016-17 and 2022-23.
- India’s GDP grew at an average rate of over 6.5% during the same period, showing a positive correlation between GDP growth and employment.
Challenging the "Jobless Growth" Myth
- The concept of "jobless growth" in India is debunked in a report from Observer Research Foundation.
- KLEMS (K: Capital, L: Labour, E: Energy, M: Materials and S: Services) database published by Reserve Bank of India's (RBI) indicates consistent employment growth since the 1980s.
- The Worker Population Ratio (WPR) has increased by 9% (26% rise) from 2017 to 2023, ....
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