MANAGEMENT

Detailed explanation-1: -During 1950-2010, the GDP of India grew at a positive rate and was higher than the employment growth at that moment at a time. There was always a lot of fluctuation in the growth of GDP, but employment grew at a positive rate, but not more than 2 %.

Detailed explanation-2: -These MNCs aimed at achieving higher output levels by employing better technology rather than generating greater employment opportunities. Thus, employment generated in the country does not commensurate with the growth of GDP in India.

Detailed explanation-3: -It had a GDP of $30.6 billion in 1950. India’s GDP was $2.54 trillion (or $9.69 trillion) in 2017. (According to PPP). India is presently designated as a recently industrialized country because its industrial sector accounts for 29.02 percent of its GDP.

Detailed explanation-4: -Growth in GDP was around 3.5% from 1950s to 1980s, while per capita income growth averaged around 1.3%.

Detailed explanation-5: -The growth indicators show that the performance of the Indian economy during the post-Independence period up to 1990 was at its best during the ‘eighties, but there were deep structural imbalances.