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10
8
GDP
Inflation
Unemployment
Interest Rate
2
0
2010
2011
2012
2013
2014
-2
YEAR
GDP (%)
Inflation (%)
Unemployment (%)
Interest Rate (%)
2010
10.26
9.53
10.00
-0.60
2011
6.64
9.44
9.80
3.50
2012
5.08
10.25
8.50
2.80
2013
6.90
9.99
9.10
3.80
2014
7.17
5.99
8.60
7.75
urban areas in search of livelihoods attempt to solve the problem, by providing financial
assistance for setting up businesses, skill honing, setting up public sector enterprises,
reservations in governments and many more. The decline in organised employment due to the
decreased role of the public sector after liberalisation has further underlined the need for
focusing on better education and has also put political pressure on further reforms. India's
labour regulations are heavy even by developing country standards and analysts have urged
the government to abolish or modify them in order to make the environment more conducive
for employment generation. The five-year plan has also identified the need for a congenial
environment to be created for employment generation, by reducing the number of
permissions and other bureaucratic clearances required. Further, inequalities and inadequacies
in the education system have been identified as an obstacle preventing the benefits of
increased employment opportunities from reaching all sectors of society.
Interest rate.
The benchmark interest rate in India was last recorded is 7.75 percent in 2014. In
2013, the interest rate was 3.8 percent shows a big huge in this two years followed by 2012
which is 2.8 percent. The previous year which is 2011 has the interest rate 3.5 percent and in
2010 -0.6 percent.