Cumulating GDP and employment means looking at the total GDP and employment over a period of time, rather than just looking at the year-over-year changes. This can provide a more accurate picture of the overall trend in economic growth and job creation.
To cumulate GDP, we simply add up the GDP for each year in the period we are interested in.
For example, to cumulate GDP for India from 2012 to 2023, we would add up the GDP for 2012, 2013, 2014, and so on.
To cumulate employment, we do the same thing, but instead of adding up GDP, we add up the employment rate.
The following table shows the cumulative GDP and employment rate in India from 2012 to 2023:
As the table shows, cumulative GDP in India has grown steadily from 2012 to 2023. However, cumulative employment rate has declined over the same period. This suggests that the Indian economy is not creating enough jobs to keep up with the growing population.
It is important to note that cumulating GDP and employment is just one way to look at the data. There are other ways to analyze the data, and different methods may lead to different conclusions.
It is also important to keep in mind that GDP and employment are just two measures of economic well-being. There are other factors, such as income inequality and poverty rates, that should also be considered when assessing the overall health of an economy.