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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

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BS Opinion | Employment in India | GDP

Mahesh Vyas 

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 and its components. And, labour is con­sidered to be something different, even tangential to or ort­ho­gonally different from . Till recently, lack of data on la­bour was the handicap. Now, there is no such limitation and there is merit in seeing growth in and employment together.

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First Published: Mon, April 25 2022. 23:59 IST
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