Explorer

Will unemployment rate increase in India with slow GDP growth?

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.

News Videos

Woman Dies in Mohali Building Collapse, Rescue Operations Underway
Woman Dies in Mohali Building Collapse, Rescue Operations Underway

New Reels

View More
Advertisement

Photo Gallery

Advertisement

Videos

Mamata Machinery IPO Opens for Subscription, Closes on Dec 23, Expected Listing on Dec 27Complete Farmer Registry Update by Dec 31 to Receive PM Kisan 9th InstallmentWoman Dies in Mohali Building Collapse, Rescue Operations UnderwayHuge Black Money Seized in Madhya Pradesh Lokayukta Raids, Over Rs 7.98 Crore Discovered
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

'I Should Also Work For 12 Hours': PM Modi Hails Indian Workers In Kuwait
'I Should Also Work For 12 Hours': PM Modi Hails Indian Workers In Kuwait
4-Year-Old Boy Killed By Speeding SUV In Mumbai, 19-Year-Old Driver Arrested
4-Year-Old Boy Killed By Speeding SUV In Mumbai, 19-Year-Old Driver Arrested
Another Body Recovered From Mohali Building Collapse Site, Death Toll Rises To 2; FIR Against Building Owners
Another Body Recovered From Mohali Building Collapse Site, Death Toll Rises To 2
Modi In Kuwait: PM Meets Emir, Attends Arabian Gulf Cup Opening Ceremony
Modi In Kuwait: PM Meets Emir, Attends Arabian Gulf Cup Opening Ceremony
Advertisement
ABP Premium
Embed widget