Wednesday, April 17, 2019

50 lakh jobs lost after #Demonetization says a report by @azimpremjiuniv

According to a report by Azim Premji University's Centre for Sustainable Employment, 50 lakh people lost their jobs after Narendra Modi’s demonetisation exercise in November 2016.
The report was formed using data from the Consumer Pyramids Survey of the Centre for Monitoring the Indian Economy (CMIE-CPDX) to understand the employment situation between 2016 and 2018. CMIE-CPDX, a nationally representative survey, covers about 160,000 households and 522,000 individuals.



A leaked copy of the National Sample Survey Organisation (NSSO) report accessed by the media had shown that unemployment had touched a 45-year-high of 6.1 per cent in 2017-2018.