Abstract:
The study reveals that economic growth which started after independence took momentum after economic reforms were introduced in the economy. Now India is recognized as second fast growing country after china and is emerging as a superpower in the years to come.GDP and per capita income is growing but employment is not growing in the ratio the GDP is growing. There are growing income differences among different income groups. Hence, the concentration of economic power is growing in the country which is a challenge for equitable growth to be undertaken. Efforts need to be made to reduce the differences in income groups.

Keywords: Employment -Income-Demand-Production-Employment cycle, Directive principles, Planning Commission of India, gross domestic product (GDP), Capital formation in the country, growth rate of GDP NNP and per capita income, falling birth and death rates, increase life expectancy at birth and literacy rates, occurrence of trade cycle in which boom and slump takes place, economic growth and employment generation.

Indian Footwear Industry, HRD in Indian Footwear Industry, HRD for footwear, Footwear Industry, Shoe Industry, Per Capita Consumption of footwear in India, Production Capacities in Footwear Industry