Demonetisation anniversary: New numbers are in, 1.5 million jobs lost in January-April this year
Demonetisation anniversary: According to CMIE data, the estimated total employment during January-April 2017 was 405 million compared to 406.5 million during the preceding four months, September-December 2016.
Demonetisation anniversary: This lack of job opportunities is mirrored in the data sets for the government’s flagship skilling scheme, the Pradhan Mantri Kaushal Vikas Yojana (PMKVY).
Alongside the problem of bad loans, the issue of job creation remains the biggest challenge for the government as it takes stock of 12 months since demonetisation, with varied data sets pointing to the continuing lack of employment opportunities for India’s rising workforce.
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