Saturday, Apr 20 2024 | Time 15:38 Hrs(IST)
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India


Five mn lost jobs in India b/w 2016-18, says report

New Delhi, Apr 17 (UNI) India consistently ranks high among major countries in economic growth but its record in employment generation has been underwhelming and thus there is an urgent need to craft a government policy, adequately supported by the budgetary resources, to promote robust employment generation, says a report.
"Our analysis of CMIE-CPDX reveals that five million men lost their jobs between 2016 and 2018, the beginning of the decline in jobs coinciding with demonetisation in November 2016, although no direct causal relationship can be established based only on these trends," according to the report -- "State of Working India 2019", released by the Centre for Sustainable Employment, Azim Premji University, Bengaluru.
It also observed that unemployment, in general, has risen steadily post 2011.
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