What is a Contractionary Policy?

Contractionary Policy refers to the monetary policy which aims to slow down the economy by introducing a reduction in money supply for lesser money and investment. There are many economic tools used by the Central Bank of every nation like CRR, SLR, Repo, Reverse Repo, Interest Rate etc. to keep a check on the volume […]


Labour Bureau Survey and Issue of Low Job Creation

The most recent quarterly survey by the Labour Bureau showed India created only 1.35 Lakh jobs in 2015 in comparison to 9 Lakh in 2011 and 4.19 Lakh in 2013. This indicates that the days of jobless growth are back and India would be far from reaping the demographic dividend. Questions & Answers Why this […]

Unemployment in India

There are five sources of employment / unemployment statistics in India viz. NSSO, Economic Census, Employment Market Information Programme of DGET, Registrar General of India and Labour Bureau.  The NSSO (National Sample Survey Office) releases its survey-based employment results every five years. It includes both organised and unorganised sector employment. Central Statistics Office (CSO) releases […]

Types of Unemployment

There are several kinds of unemployment rate as follows. Open Unemployment Open unemployment is a condition in which people have no work to do. They are able to work and are also willing to work but there is no work for them. They are found partly in villages, but very largely in cities. Most of […]

Concepts Related to Labour Force

Labour Force refers to the number of persons actually working or willing to work. However, workforce refers to the number of persons actually working. Thus, workforce does not account for those who are willing to work. The difference between labour force and workforce is the total number of unemployed persons. Number of Persons unemployed = […]