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

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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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