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7.5% growth not enough | Business Standard Column


The divergence in actual GDP progress and employment progress could proceed into 2022-23, though it might be a lot smaller

Topics

BS Opinion | Employment in India | GDP

Mahesh Vyas

The Covid-19 pandemic of 2020-21 and its concomitant lockdowns delivered an enormous blow to the Indian economic system and to its labour drive. Both have recovered, although not equally. It is unusual to speak of the economic system and the labour drive as if the 2 have been various things. Sadly, that’s the method we often perceive the 2 in India.

The economic system is known by way of GDP and its elements. And, labour is con­sidered to be one thing totally different, even tangential to or ort­ho­gonally totally different from GDP. Till just lately, lack of information on la­bour was the handicap. Now, there isn’t a …




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First Published: Mon, April 25 2022. 23:59 IST





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