Analyzing Nexus Among Economic Growth, Employment Generation And Inequalities In India: Post-Reform Trends

Abstract

This study is an attempt to understand the nexus between economic growth, employment generation and inequalities in India after the great economic reforms of 1990’s. This study is based on secondary data taken from mainly National Sample Survey Organization, Economic Survey of India, India Labour and Employment Report and RBI data base from 1990 onwards. The study evaluates economic growth, employment generation and inequalities through compound annual growth rate, annual growth rate, employment elasticity, Gini coefficient. The study found that the economic reforms of 1990’s have no doubt, led to increase the economic growth, but employment generation found very low and even it has led to increased informalization of labour market and jumped from primary sector to tertiary sector which further led to inequalities among and within various groups.