GROWTH AND EMPLOYMENT
The Book “Growth and Employment” focuses upon accelerating the rate of economic growth and employment generation to mitigate the magnitude of unemployment. The fact that an economy, even when it experiences a higher growth rate in the capitalist segment, is saddled with an increasing unemployment rate, goes against the gain of conventional growth theory as indeed of the basic presumption underlying policymaking. In India, for instance, faced with growing misery in the midst of accelerating growth, the standard response has been that such “exclusion” will disappear if the growth rate can be further accelerated. The proposition that an acceleration of the growth rate in the capitalist segment will be accompanied by an increase in unemployment in the economy as a whole, which the basic element underlying poverty (as Marx had recognized) cuts at the foundation of all such claims.
This Book embarks upon
· To examine growth performance across Indian states.
· To analyze sectoral pattern of economic growth.
· To examine employment trend in India.
· To evaluate employment growth and employment elasticity.