India's Jobless Growth: GDP Growth Fails to Reduce Unemployment Rate
The study looked at the relationship between economic growth and unemployment in India from 1998 to 2013. It found that during this time, there was no clear connection between the two. Economic growth did not consistently lead to lower unemployment, and vice versa. This suggests that India's growth has not created enough jobs, leading to what is called "jobless growth". This could mean that workers in India are becoming more efficient, but it could also mean that the country has not reached its full economic potential yet.