Stagnant unemployment persists in India despite economic growth and inflation.
The article explores how economic growth and inflation in India affect unemployment rates from 1991 to 2019. The researchers looked at the relationship between these factors using the Phillips Curve theory, which suggests that as the economy grows, inflation should increase, leading to more jobs and less unemployment. However, the study found only a minimal connection between unemployment, inflation, and economic growth in India during this time period.