Though the GDP growth rate has increased, it has not generated sufficient employment. Why?
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Though the GDP growth rate has increased in the reform period, the reform-led growth has not generated sufficient employment showing that more goods and services are being produced with lesser people, a clear indication of "jobless growth".
This shows that the enterprises are focusing more on capital as a means of production which pays less attention to job creation.
The capital intensive nature of enterprises will not provide employment thus growth in unemployment is largely in line with the rising population which widens the gap between the two.
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