Towards Lok Sabha Elections

Jobless Growth under UPA to Jobloss Growth under Modi

THE Indian economy in the 70s and 80s were marked with moderate growth rates of 3 to 4 per cent and registered up to 2 per cent growth in employment (SWI-2018). But markedly the post reform period of the 90s and 2000s clocked less than even 1 per cent of growth in employment corresponding to an economic growth of 7-8 per cent. This was also a period of a structural transformation with a reduced workforce in agriculture with even the absolute number falling since 2004. Increasingly people were on the lookout for non-farm employment with construction and NREGS supplementing it.

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