At least five million Indians lost their jobs between 2016 and 2018, and young u...
NEW DELHI - At least five million Indians lost their jobs between 2016 and 2018, and young urban men are being hit hardest, a Bengaluru-based private university said in a report on Tuesday.
“In addition to rising open unemployment among the higher educated, the less educated workers have also seen job losses and reduced work opportunities since 2016,” said Amit Basole, an economist and lead author of the report.Modi’s abrupt withdrawal of high value currency notes from circulation in November 2016, with the aim of curbing tax evasion and promoting digital transactions, disrupted small businesses and sparked layoffs.
“Among urban men, for example, this age group accounts for 13.5 percent of the working age population but 60 percent of the unemployed,” it said. The unemployment rate rose to 7.2 percent in February 2019, its highest since September 2016, and up from 5.9 percent in February 2018, according to data compiled by the private research house, Centre for Monitoring Indian Economy .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analysis | The confidence Republicans gained in America’s political decisions after 2016 collapsed post-2018Analysis: The confidence Republicans gained in America’s political decisions after 2016 collapsed post-2018
Read more »
Bernie became a millionaire in 2016, records showSanders hit the millionaire milestone in 2016 and sustained it in 2017. But the independent Vermont senator’s total income fell to $566,000 last year.
Read more »
Bernie Sanders' tax returns show he became millionaire after 2016 White House runU.S. Democratic presidential contender Bernie Sanders' tax returns show he became millionaire after 2016 White House run by johnwhitesides
Read more »
NASA confirms global warming trends, says 2015, 2016 and 2017 were hottest on record'The key challenge, in my opinion, remains making big enough dents in our carbon emissions,' NASA scientist Gavin Schmidt told Newsweek.
Read more »
Global investors haven't been this worried about the economy since 2016Global fund managers have positioned their portfolios for slower growth and lower interest rates, but they do not foresee a recession until the second half of next year at the earliest.
Read more »
Bernie Sanders’s campaign escalates fight with establishment Democrats in reprise of 2016 party riftsFor days, Sanders and his team have leveled accusations against a leading Democratic think tank even as he seeks the party’s nomination for president.
Read more »
Pence says Trump ‘welcomes information’ but didn’t endorse WikiLeaks in 2016'I love reading those WikiLeaks,' Trump had said at an event, relating that he was late because he had been reading the latest batch of emails that WikiLeaks had released
Read more »
Facebook spent $20 million last year on Zuckerberg's personal security, up 4 times from 2016As Facebook's scandals have increased so too has the amount of money the company spends to protect CEO Mark Zuckerberg.
Read more »
Trump in 2016: 'I love WikiLeaks,' Trump now: 'I know nothing about WikiLeaks'President Donald Trump, when asked if he still 'loves' WikiLeaks as he said in 2016, told reporters in the Oval Office that he knows 'nothing about WikiLeaks.'
Read more »
5 times Trump praised WikiLeaks during his 2016 election campaignAfter Assange was arrested and indicted on Thursday, Trump in the Oval Office said, 'I know nothing about WikiLeaks. It's not my thing.' But the president has repeatedly mentioned WikiLeaks in public, often expressing affinity for the organization.
Read more »