Explorer
Advertisement
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.
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.
India
Woman Dies in Mohali Building Collapse, Rescue Operations Underway
Huge Black Money Seized in Madhya Pradesh Lokayukta Raids, Over Rs 7.98 Crore Discovered
Congress Led Protest March Gains Momentum, Injured Protesters Shifted to Normal Ward
Tragic Building Collapse in Mohali: Woman Killed, Many Trapped; Police File Homicide Case
PM Modi’s Kuwait Visit: Day 2 Focuses on Security and Trade Talks
View More
Advertisement
Advertisement
Advertisement
Top Headlines
India
Cities
Cities
India
Advertisement
Trending News
Sagarneel SinhaSagarneel Sinha
Opinion