Economics, Econometrics and Finance
4 years ago

GDP Growth in India Linked to Decrease in Unemployment Rate

Economie teoretică şi aplicată
The validity of Okun’s Law: Evidences from Indian economy
Tariq Ahmad Bhat, Tariq Ahmad Lone, Towseef Mohi Ud Din

Paper Summary

Unemployment is a big problem in India, leading to lower economic growth. Okun's Law describes this link between growth and unemployment. A study found that in India, a 1% increase in GDP reduces the unemployment rate by 0.4 percentage points.

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