The myth of jobless growth

India’s GDP in 2002-03 was R23.38 lakh crore and increased to R100 lakh crore in 2012-13, with an average 7.9% real growth over the last 10 years. The Economic Survey of 2012-13 states that “the last decade, i.e. 1999-2000 to 2009-10, witnessed an employment growth of 1.6 per cent per annum. Employment growth in second half of the decade was relatively modest.”

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