The present paper studied the changes in the employment level of the country due to the economic growth rate of the Indian economy, and whether economic growth is conducive to elimination unemployment. For this, the impact of economic growth on unemployment in India has been studied. According to the study of the trends of growth rate and unemployment growth rate in India, the relationship between these two factors should be inverse as per the Okun’s Law, but such a relationship has not been seen in India. The study observed that the correlation between GDP growth rate and unemployment rate is not significant level in the context of the Indian economy. Therefore, the present study suggests that India needs to make efforts to achieve economic growth along with employment growth. However, the Indian government should development such an industrial sector that will increase employment opportunities.
Takale et al. (Tue,) studied this question.
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