Macroeconomic Reasons for India’s Jobs Crisis
Syllabus: GS3/Indian Economy Context: Key Highlights : Macro-economic reasons Low Labour Demand: Growth and Labour Productivity: Jobless Growth: Solution to the Jobs Crisis: Macroeconomic Policy Framework: Do you know ?Keynesian revolution in Macroeconomics:– Keynes states that in times of economic crisis, the government needs to increase public spending and cut indirect taxes, to revive the […]