Employment Growth in Rural India: Distress Driven?
Published By: CDS on eSS | Published Date: August, 05 , 2008The 61st round of NSS shows that there is a turnaround
in employment growth in rural India after a phase of ‘jobless growth’.
Paradoxically, this employment growth occurred during a period of wide
spread distress in agriculture sector that include low productivity, price
instability and stagnation leading to indebtedness. Under the typical
neoclassical tradition, this trend would have predicted further contraction
of employment in the rural economy. However, further probing reveals
that employment growth in the rural areas is probably a response to the
crisis that is gripping the agriculture sector. [WP No. 404].
Author(s): Vinoj Abraham | Posted on: Jan 05, 2009 | Views(1645) | Download (818)