ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Ratan Kumar GhosalSubscribe to Ratan Kumar Ghosal

GDP Growth and Feel Good Factor

India experienced higher growth rates of GDP in the 1990s as compared to the 1980s. But this growth has been a service-sector driven growth, which has yielded a negligible impact on employment and entitlements of people suffering from the lack of social and economic opportunities. The growth of GDP is also unaccompanied by a fall in the unemployment rate, which is incompatible with the fundamental law known as 'Okun's Law'.
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