Almost 50 lakh people in India lost their jobs between 2016 and 2018 – the post-demonetization years, according to a new report published by Azim Premji University’s Centre for Sustainable Employment.
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IMF senior economist John Bluedorn said youth inactivity is the highest in India, while speaking about labour market in emerging and developing economies at an event organised by Brookings India.
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With only weeks to go before the Lok Sabha election, the much-awaited employment data for the post-demonetization period – July 2017 to June 2018, which had been withheld by the Modi government, has become public giving a bleak job scenario prevailing in India today.
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