- Statement 1 is correct. Economic data from the period 2004-05 to 2009-10 indicated a phenomenon often termed 'jobless growth', where GDP grew significantly but employment growth was sluggish and relatively modest compared to the previous periods. - Statement 2 is also correct. During this period, there was a noticeable decline in the Labour Force Participation Rate (LFPR) across various age groups, including youth and women, particularly in rural areas. This contributed to the modest employment growth despite economic expansion.
Consider the following statements : 1. Employment growth in India in the second half of the first decade of 21st century was relatively modest. 2. There was lower labour force participation rate across all ages during the period. Which of the statements given above is/are correct?
Asked in UPSC CAPF 2013 · Topic: Nature of Indian Economy (Demographic Profile and its Economic Implications)
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