The PDF file you selected should load here if your Web browser has a PDF reader plug-in installed (for example, a recent version of Adobe Acrobat Reader).

If you would like more information about how to print, save, and work with PDFs, Highwire Press provides a helpful Frequently Asked Questions about PDFs.

Alternatively, you can download the PDF file directly to your computer, from where it can be opened using a PDF reader. To download the PDF, click the Download link above.

Fullscreen Fullscreen Off

   Subscribe/Renew Journal


Unemployment has been a major problem for India from a long time. The problem of unemployment is a global phenomenon, with international bodies like ILO predicting the rise in unemployment in India in coming years. The study attempts to find out the effect of economic growth on unemployment rate in India. Gross Domestic Product has been considered as an indicator of economic growth for the study. The data regarding GDP and unemployment rate have been collected from secondary sources like WorldBank database. Correlation and Regression analysis have been used to study the nature and degree of effect of economic growth on unemployment rate. It has been found that there is a strong negative correlation between economic growth and unemployment rate. Also, it was found that GDP accounts for 48% of cause of change in unemployment rate. The findings are in line with the Okun’s law and the conclusions of studies conducted in the past.

Keywords

Unemployment, Gross Domestic Product, Okun’s Law.
Subscription Login to verify subscription
User
Notifications
Font Size