Gdp growth, employment and poverty, Microeconomics

Assignment Help:

GDP Growth, Employment and Poverty:

The advocates of economic reforms point out that the reform process has the potential of accelerating economic growth. After the teething troubles of the just two years - 1991-92 and 1992-1993, growth rate picked up and GDP growth averaged about 7 per cent during 1993-94 to 1997-98 (Refer table 8.1). However, thereafter, the growth process became uneven and even decelerated during 1998- 99 to 2002-03 to an average of 5.3 per cent per annum. If we compare the annual average growth rate during the pre-reform period (1980-81 to 1990-91) which was of the order of 5.6 per cent per annum, then the post-reform 12-year period (1990-91 to 2002-03) also shows an average growth rate of 5.5 per cent (Refer table 8.1). Obviously, the claim of the advocates of reforms that they have been able to substantially jack up growth to 6-7 per cent per annum is not borne out by facts. This implies that the reform process has yet to establish its distinct superiority over the pre-reform period.

 


Related Discussions:- Gdp growth, employment and poverty

managerial economics, IS INDIAN COMPANIES RUNNING A RISK BY NOT GIVING ATT...

IS INDIAN COMPANIES RUNNING A RISK BY NOT GIVING ATTENTION TO COST CUTTING?

Explain the factors which would affect the price of a good, Explain the fac...

Explain the factors which would affect the price of a good. As there is a very long list of determinants, the basic issue is for the student to describe and illustrate how shif

Monopsony is one buyer of a commodity, Monopsony is single buyer of a commo...

Monopsony is single buyer of a commodity in the market.  The MRP slopes downward in an imperfectly competitive (resource) market serving an not perfectly competitive product mar

Microeconomics and the market system, Suppose you are a painter, and the pr...

Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon t $3.50 a gallon. Your usage of paint drops from 35 gallons to 20 gallons a month. 1. Co

Explain how the price system eliminates a surplus, Explain how the price sy...

Explain how the price system eliminates a surplus. The meaning of surplus is that quantity demanded is less as compared to the quantity supplied.  This will lead to downward pr

What are the factors of production, Factors of Production :   The factors o...

Factors of Production :   The factors of production are the resources that are essential for production. They are usually separated into 4 dissimilar groups: Land - all natu

Determine the optimal strategy for the breeder, Consider a decision faced b...

Consider a decision faced by a cattle breeder. The breeder must decide how many cattle he should sell in the market each year and how many he should retain for breeding purposes.

Production and cost, Q=2h find the marginal point. where q is the quantity ...

Q=2h find the marginal point. where q is the quantity of electricity in MW-h and h is the amount of water (in 100s of liters per hour)

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd