Is it necessary to generate employment in the formal sector rather than in the informal sector? Why?
Economic growth implies growth in the GDP, i.e. growth in the aggregate output produced during an accounting period within the domestic territory of an economy. The increased output level is achieved by generating more employment opportunities and through employing better technology. During the recent past, India has witnessed jobless economic growth that raised the aggregate output level without the proportionate rise in the employment opportunities and, consequently, unemployment continued to exist. The reason is that the rise in GDP is caused by employing modern and improved technology that substituted labour for machines. This failed to generate new employment opportunities in the industrial and the tertiary sectors. Thus, the industrial and the tertiary sectors failed to absorb the excess labour from the agricultural sector. As a result, disguised unemployment in the agricultural sector continued along with low levels of productivity and massive poverty. In addition to this, MNCs that played an important role in India's economic growth provided employment only to the educated and specialised workforce. These MNCs aimed at achieving higher output levels by employing better technology rather than generating greater employment opportunities. Thus, employment generated in the country does not commensurate with the growth of GDP in India.
Popular Questions of Class 11 Economics - Indian Economic Development
- Q:-
Compare and contrast the development of India, China and Pakistan with respect to some salient human development indicators.
- Q:-
How is RBI controlling the commercial banks?
- Q:-
Explain the steps taken by the government in developing rural markets.
- Q:-
What are the functions of the environment?
- Q:-
Distinguish between the following
(i) Strategic and Minority sale
(ii) Bilateral and Multi-lateral trade
(iii) Tariff and Non-tariff barriers. - Q:-
Why was the public sector given a leading role in industrial development during the planning period?
- Q:-
Match the following:
1. Prime Minister
2. Gross Domestic Product3. Quota
4. Land Reforms
5. HYV Seeds
6. Subsidy
A. Seeds that give large proportion of output
B. Quantity of goods that can be importedC. Chairperson of the planning commission
D. The money value of all the final goods and services produced within the economy in one year.
E. Improvements in the field of agriculture to increase its productivity
F. The monetary assistance given by government for production activities.
- Q:-
Infrastructure contributes to the economic development of a country. Do you agree? Explain.
- Q:-
Find the odd man out (i) owner of a saloon (ii) a cobbler (iii) a cashier in Mother Dairy (iv) a tuition master (v) transport operator (vi) construction worker.
- Q:-
Highlight any two serious adverse environmental consequences of development in India. India’s environmental problems pose a dichotomy — they are poverty induced and, at the same time, due to affluence in living standards — is this true?
Recently Viewed Questions of Class 11 Economics - Indian Economic Development
- Q:-
Match the following:
1. Prime Minister
2. Gross Domestic Product3. Quota
4. Land Reforms
5. HYV Seeds
6. Subsidy
A. Seeds that give large proportion of output
B. Quantity of goods that can be importedC. Chairperson of the planning commission
D. The money value of all the final goods and services produced within the economy in one year.
E. Improvements in the field of agriculture to increase its productivity
F. The monetary assistance given by government for production activities.
- Q:-
Does modernisation as a planning objective create contradiction in the light of employment generation? Explain.
- Q:-
Why is agricultural diversification essential for sustainable livelihoods?
- Q:-
Give two instances of
(a) Overuse of environmental resources
(b) Misuse of environmental resources. - Q:-
Classify the following into renewable and non-renewable resources
(i) trees (ii) fish (iii) petroleum (iv) coal (v) iron-ore (vi) water - Q:-
Explain the role of non-farm employment in promoting rural diversification.
- Q:-
Why are regular salaried employees more in urban areas than in rural areas?
- Q:-
What is the significance of ‘energy’? Differentiate between commercial and non-commercial sources of energy.
- Q:-
Mention some obstacles that hinder the mechanism of agricultural marketing.
- Q:-
Fill in the blanks
(a) First Five Year Plan of ________________ commenced in the year 1956. (Pakistan/China)
(b) Maternal mortality rate is high in _____________. (China/Pakistan)
(c) Proportion of people below poverty line is more in __________. (India/Pakistan)
(d) Reforms in ______________ were introduced in 1978. (China/Pakistan)
- NCERT Chapter