Mention the salient features of the unemployment situation in India.
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Following are some of the salient features of the unemployment situation in India:
The incidence of unemployment is much higher in urban areas than in rural areas.
Unemployment rates for women are higher than those for men.
Under employment is higher in case of women.
Incidence of unemployment among the educated is much higher.
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What will happen if there is no additional employment generated in the economy even though economy is able to produce goods and services in the economy? How will jobless growth happen?