Phase IFoundation
Background
Overview
Essential for understanding the nature of India's economic development, challenges in achieving inclusive growth, the role of technology in shaping labor markets, and the need for appropriate industrial and labor policies to address long-term unemployment.
Jobless growth describes an economic phenomenon where GDP expands without a proportional increase in employment opportunities, often due to technological advancements, automation, and a shift towards capital-intensive production methods. This leads to structural unemployment, where available jobs do not match the skills or numbers of the workforce.