Word Count : 1080

---

Economic liberalisation in India, initiated in 1991, marked a paradigm shift in the country’s economic policy, transitioning from a protectionist, state-controlled economy to a market-oriented model. The liberalisation program involved significant reforms including deregulation, reduction of import tariffs, privatisation of public sector enterprises, and opening up to foreign investment. While these changes spurred economic growth and integration into the global economy, their impact on employment and inequality has been complex and multifaceted, warranting a critical examination. One of the central promises of economic liberalisation was to enhance efficiency, productivity, and overall economic growth, which in turn was expected to generate employment opportunities. In terms of aggregate growth, the Indian economy indeed witnessed remarkable expansion post-liberalisation. GDP growth accelerated from an average of around 3.5% during the pre-reform decades to over 6% in the post-reform period. Sectors such as information technology, telecommunications, finance, and services experienced unprecedented growth. However, this expansion was not evenly distributed across sectors and regions, and its capacity to generate adequate employment—especially in the formal sector—remained limited. The most notable employment-related trend in the post-liberalisation era is the phenomenon of "jobless growth." Despite impressive GDP numbers, employment generation lagged behind. The organised sector, which is crucial for providing secure and well-paid jobs, did not expand proportionately. A major reason was the capital-intensive nature __________ ______ _______ ____ ___ _________ ___ ____ ________ ____.
__________ ________ ______ _______ ______ _____ _______.
____ ____ ____ ___ ________.
____ _____ _____ ________ _______ _______ _________ ________ ______.
______ ________ __________ __________ ______.
___ _________ ______ _____ _________ ______ ______ ______ ________ ______.
________ ___ _____ ____ ____ __________ _______ _____ _________ _______ _______ __________.
_______ _____ _________ _______ ___ _____.
__________ _______ ____ ____ _________ __________.
_____ __________ ______ _________ _____ ____.
_______ ____ _________ ______ ________ ______ _______ _____ _______ ______ _______ ________.
__________ _____ __________ _________ ______ _______ __________ ______ ___ _______.
____ __________ ____ ___ _____ ______ _____ _________ ___ _____ _____ _________.
____ __________ _________ ____ ___ ____ _________ ____ ____ _____ ___.
____ _______ ______ ________ ______ _____ _________ _______ _______ _______ _______ _________.
_________ ____ ________ _________ __________ ________ ___ ______ ______ __________ ______ __________.
________ _______ ____ _______ _______ ___.
____ ___ ________ ___ ________ ____ ____ _______ __________.
_________ _______ __________ ________ ____ ______ ____ _________.
______ ____ ________ _________ ______ _______.
________ ___ ______ ______ _________.
____ _______ __________ ________ _______ ______ _________ ________ __________ ______ _______.
________ ________ _________ _____ _____ ________ ______ _____ ____ __________.
______ ______ _________ ______ ________ _______ ________ _____ ______ ________ ______ __________.
__________ ___ _________ ____ _______ _____ _______ ___ _______ ____.
________ ________ _____ _________ _______ _____ ________ ________ ________ _____ ________ _______.
____ _________ _______ ________ _______ _____ ___ __________ _______.
____ ___ ___ ____ ________ ___ _________.
______ ___ ___ ______ _____ ___ ___ ____.
______ ________ _____ _________ __________ ____ __________ __________ _______ _____ _____.
__________ ______ _________ __________ ______ _______ ______ ___ ___ ______.
________ ________ _______ ____ __________.
_____ __________ ______ _______ ___ ______ _________ _____.
_______ __________ _____ ____ _________ ________ _________ ___ ____ __________.
____ ____ ________ __________ ____ ______ _________.
____ __________ ___ ___ ___ ______ _____ _________ ____ _________ ________.
_________ _____ _____ _____ _____ ______ _________ ____ ________ ____ ___.
_________ ____ _________ ______ _______ _______ ______ _________ _________ ____ ____.
_____ _______ _________ ________ __________ ___ _____ ___ ________ _________ ____.
_______ _________ ________ _________ ______ ___.
___ _____ ____ ______ _____ __________ ____ __________.
_______ __________ ___ _____ ___ ________ __________ ___ _________ _________.
_________ ______ ____ ________ ________ _________ ______ ______ ________ _____ ____.
_______ _________ _________ ________ _____ _______ ______ _______ ________.
_________ ______ __________ _________ ___ _____ _________ ____ ___.
_________ _________ ________ ____ ______ __________ ________.
____ ________ ______ __________ ___ ______ ___ ________ _______.
__________ ______ _______ _________ _________ ________ _________ _________ ________ _______ __________.
________ ____ _________ ____ _______.
__________ ______ _______ ________ _________ ___ __________ _______ _____ _________ ______ _______.
________ ___ _____ ________ ____.
_____ _______ _____ _________ _______.
___ ___ _______ __________ __________.
__________ ___ ______ ____ ____ ______ _____.
_______ _________ ___ ________ _____.
__________ _______ ___ __________ _____ ______ ___ _________ ___ ____ ___ ______.
___ _____ ____ _________ _______ ______ _____ _____ _____.
_________ _____ ______ _____ _______ ________ ____ _________ _____ _________.
______ _____ ____ _____ ___ ______ ____.
_____ __________ _________ ____ _______.
_____ ______ ______ _____ _____ ________ ____ ___ _________ ___ _________.
______ ___ ____ ___ _________ _______ _____ ___ ____ _________ ___ _____.
______ __________ ______ _____ ______ __________ _____ ______ _____ ______ __________ __________.
_______ _____ __________ ______ ________ _____ __________ _____ ____ _______ __________.
____ ______ __________ _____ _____ __________ _______ ________ ______.
__________ ___ _______ ________ _______.
___ ___ ___ _______ ______ _____ ___ ___.
___ ___ ___ ____ _______ _____ ______ _____ ____ ______ ________ ______.
________ ________ _________ ___ __________ _____ _________ _______.
________ ___ ______ ___ ____ _______ ___ _______ _____.
_____ _____ ______ ______ ______ ___ _______ ____ _________ __________.
____ ________ _____ ________ __________.
________ ______ _______ ___ _______ ______ _______ __________ ______ ________ ______ ________.
____ ________ ___ _____ _______ _______ _____ __________ ___.
___ _________ ________ ________ _________ ________.
_________ ___ ________ _________ _____ _____ __________.
____ ______ _______ _____ _____ __________ _______ ______ __________ _________ _______.
_______ ______ _____ _____ __________ ________ ___ _________ ___ _______.
_______ ______ _______ ___ __________ _____ _____ __________ __________.
___ _____ _____ _______ ____ ______ ______ ________.
__________ _____ ________ ________ _________ _______ ___ ___ ________ _________ ______ ________.
_________ __________ ____ ___ ________ ___ ___ _______.
___ _____ __________ ______ ________ __________ ____ __________ ________ _______.
________ ______ ______ _______ __________ ________ _________ _________ ________ ______ ___ _________.
__________ ______ ________ ________ ___ _________ ______ ____ ______ _____ _________.
____ ________ __________ _________ ______ ______ ____ ______ _____ __________ ________ __________.
______ _________ _______ _________ ________ _________ _________.
____ ________ _________ ___ _____ __________ __________ ________ _____ __________ _________.
______ ______ _______ ______ _________ _________ _______ _____.
______ _________ ________ _________ _______ _________ ________.
_________ ____ ____ _______ ______ _________ _____.
_________ ______ ___ ________ _________ ______.
___ ____ ___ ______ _________ _________ __________ _________ _____ _______.
______ __________ __________ ______ ____ _____ ____ _________ ______.
_________ _______ ____ ________ _______ ______ _________ ________ _______ _____.
________ ____ _________ _________ _________ ___.
___ ___ _________ ___ ___ _______ ________ __________ __________ ______.
____ ______ _____ _________.
Get Full Answer on WhatsApp