Does modernisation as a planning objective create contradiction in the light of employment generation Explain Economics CBSE class 11 ncert

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Does modernisation as a planning objective create contradiction in the light of employment generation? Explain. -Economics CBSE class 11 ncert

Book: Indian Economic Development
Chapter 2: Indian Economy 1950-1990
 (NCERT textbook questions)


By:Aparna-Dasgupta

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Modernisation is the use of advanced technology in the production of goods and services so that productivity can be increased. It does not have any negative impact on employment generation. In fact, modernisation and employment generation go hand in hand. For example, the use of modern technology in the factory can lead to an increase in the level of output. Similarly, a farmer can produce more by using HYV seeds rather than using conventional ones. However, it may happen that some people do not get jobs because of modernisation. In the long run, output increases due to modernisation leading to an increase in income of the people in society. This further increases the demand for goods and services in the market. Hence, the production of goods will be increased to meet the demand of people resulting in generation of employment opportunities in the economy. Thus, modernisation as a planning objective does not create contradiction in the light of employment generation.

milan-ransingh

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