What Is the Natural Unemployment Rate?
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In a 2023 interview with BBC News Hindi, economist Jean Dreze spoke about the original vision of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a law that guaranteed work on demand to rural households and placed workers at the centre of planning, implementation, and social audits. Conceived as a decentralised programme, MGNREGA empowered gram panchayats and states under a national legal framework to address unemployment through public works. Dreze highlighted that even aft
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