Year: 2024
Type: article
Abstract: This paper explores the relationship between India's economic growth and employment generation, analyzing the factors that influence employment growth and the impact of GDP growth on job creation. Despite India's rapid economic expansion, employment generation poses a considerable challenge, particularly given the rapidly increasing population and the high levels of informality in the labor market. The study employs both macroeconomic and micro-level analysis to examine employment trends and patterns, focusing on the role of different sectors and industries in driving job growth. A thorough review of existing literature shows that while the service sector has been the primary contributor to India's GDP, the industrial sector remains the largest employer. Our findings aim to provide insights for shaping policy interventions that promote sustainable and inclusive economic growth in India, particularly in relation to improving the quality and sustainability of jobs. Additionally, the results indicate a positive relationship between GDP contribution and employment generation, where higher GDP contributions lead to greater job creation. The research also underscores the importance of human capital development and entrepreneurship in fostering employment growth. These findings have significant policy implications, and policymakers should incorporate these recommendations when designing strategies to advance economic growth and development in India.
Authors: Dr. D. Kumar, Musthafa. A
Institution: Bharathidasan University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4410467967