Has demonetisation harmed non-farm employment generation in the medium term?
Despite the construction sector being in the doldrums, personal housing was holding its owntill demonetisation
Prime Minister Narendra Modi promised to create 10 million jobs in five years while campaigning in the 2014 general election. After completing more than three years in office, has the government been able to deliver? We do not know for sure. Findings of a large-sample survey on employment, conducted by the National Sample Survey Office (NSSO), will only be available around 2019. However, there is no debate about one thing. For the employment situation to improve, more non-farm jobs have to be created.
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