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The growth rate of which one of the following sectors has very low employment elasticity?
Manufacturing
Construction
Financial services
Mixed farming
Employment elasticity is a measure of the percentage change in employment associated with a 1 percentage point change in economic growth. The employment elasticity indicates the ability of an economy to generate employment opportunities for its population as per cent of its growth (development) process. Jobless growth generally results in low employment elasticity.
First time in 2020-21, the Services sector has the lowest growth rate among the three sectors. Growth of the Agriculture sector has been fluctuating: lowest -0.22% in 2014-15 to highest 6.80% in 2016-17.
By: Kamal Kashyap ProfileResourcesReport error
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