Business Standard

7.5% growth not enough

The divergence in real GDP growth and employment growth may continue into 2022-23, although it could be much smaller


Mahesh Vyas
The Covid-19 pandemic of 2020-21 and its concomitant lockdowns delivered a huge blow to the Indian economy and to its labour force. Both have recovered, though not similarly. It is strange to talk of the economy and the labour force as if the two were different things. Sadly, that is the way we usually understand the two in India. The economy is understood in terms of GDP and its components. And, labour is con­sidered to be something different, even tangential to or ort­ho­gonally different from GDP. Till recently, lack of data on la­bour was the handicap. Now, there is no
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Apr 25 2022 | 11:59 PM IST

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