Wednesday, March 15, 2017

GDP Growth and Employment Growth Issue in India

India's per capita income is Rs 1,03,219 in 2016-17

GDP Growth in India

Net Investment will determine the GDP growth and employment growth in a country,

In the year 2013-14, GDP at factor prices is Rs. 10472807 crore and NDP at factor prices is Rs. 92,99,345 crore, showing that depreciation is  Rs.  11,73,462 crore.

33.68 lakh crore is gross fixed capital formation during 2013-14. Hence we can take net capital formation as 22 lakh crore approximately. What should be the employment generated by this net investment. If we take 5 jobs are created for one crore investment, 110 lakh jobs must be created by 22 lakh crore investment. Are we seeing this sort of job creation in the country?  Advance estimates of GDP for the year 2014-15.

Reviving growth in India
2015 seminar proceedings

Role of Capital in India’s Economic Growth: Capital Stock versus Capital Services

China - total investment as % of GDP  1982 to 2015

John Knight and Sai Ding
Number 441
July 2009

Employment Growth in India

Employment Statistics India - 12 Five Year Plan - 2012 -17

Updated 18 March 2017, 16 July 2016

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