November 2, 2017

Paradox of India's economy: growth but no jobs

It’s been a tough year for India’s jobs market.

Between January and April alone, some 1.5 million jobs were lost, according to the Centre for Monitoring Indian Economy, partly as a result of the demonetisation of high-value notes last November. Then, the goods and services tax, which kicked in from July 2017, sucked whatever little life was left out of the market, especially among small and medium businesses.


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