Will unemployment rate increase in India with slow GDP growth?

31 Aug 2019 05:25 PM

Will unemployment rate increase in India with slow GDP growth?

Updated 31 Aug 2019 05:25 PM

While a decline in GDP affects the poor worse as India is one of the most unequal societies, it hits your wallet each time a slowdown is recorded. It takes toll on average income of the people and signals a squeeze on job opportunities.
Illustrating the impact of lower GDP growth, R. Nagraj, professor of economics at Indira Gandhi Institute of Development Research, said that given per capita monthly income of Rs 10,534 in 2018-19, an annual GDP growth of 5% means that the per capita income will go up by Rs 526 in FY20.

PLAYLIST

India faces GDP slowdown, increased unemployment rate| Master Stroke Full

India faces GDP slowdown, increased unemployment rate| Master Stroke Full

India faces GDP slowdown, increased unemployment rate| Master Stroke Full

China Terms J&K Bifurcation ‘Unlawful, Void’; India Hits Back, Calls It ‘Internal Affair’

'Kashmir Move Was To Free India Of Terrorism': PM Narendra Modi In Thailand

PM Dedicates Decision on Article 370 To Sardar Patel; Says ‘Now J&K Will Have Political Stability’

It is difficult to breathe in Delhi air, says a resident

It is difficult to breathe in Delhi air, says a resident

It is difficult to breathe in Delhi air, says a resident

It is difficult to breathe in Delhi air, says a resident

It is difficult to breathe in Delhi air, says a resident

It is difficult to breathe in Delhi air, says a resident

It is difficult to breathe in Delhi air, says a resident

It is difficult to breathe in Delhi air, says a resident

It is difficult to breathe in Delhi air, says a resident