In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements.
Statement:
(I) India's GDP continues to grow at one of the reasonable rates but job creation is not picking up the similar pace.
(II) Every year over 20 million young Indians join the workforce.
Conclusions:
(I) Population increase is more than the job creation rate.
(II) Supply basket is less and the demand basket for jobs is very high.
- AOnly conclusion II follows
- BConclusion I and II both follow
- CNeither I nor II follow
- DOnly conclusion I follows
Solution & Step-by-step Explanation
* Conclusion I: Statement I highlights that job creation is not matching the pace of economic growth, and Statement II tells us that a massive number (over 20 million) of young people enter the workforce annually. This huge influx represents a large demographic expansion competing for limited new jobs. Thus, the conclusion that the expansion/rate of people seeking work (driven by population factors) outpaces job creation directly follows.
Conclusion II: Over 20 million people joining the workforce creates a very high demand for jobs, while the slower pace of job creation means the available supply basket of jobs is small in comparison. Therefore, Conclusion II also directly reflects the premise.
Hence, both conclusions I and II follow.
Conclusion II: Over 20 million people joining the workforce creates a very high demand for jobs, while the slower pace of job creation means the available supply basket of jobs is small in comparison. Therefore, Conclusion II also directly reflects the premise.
Hence, both conclusions I and II follow.