There has been rapid growth in the gross domestic product, but without simultaneous increase in employment opportunities. This is known as __________ growth.
There has been rapid growth in the gross domestic product, but without simultaneous increase in employment opportunities. This is known as __________ growth.
Solution
✅ Correct Option: 2
When GDP grows rapidly but employment opportunities do not grow correspondingly, the situation is called jobless growth. This indicates that output expansion is driven by productivity gains or capital-intensive methods rather than labour absorption. India has experienced this phenomenon in recent decades.
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