Why demonetisation will work?
Inconvenience: This is a real short-term pain but the amount of tears shed by rich people for the inconvenience of poor people and farmers would probably fill an ocean....
India is still inadequately Formalised, Financialised, Urbanised, Industrialised and Skilled. While the regulatory challenges do pose questions on smoother business functioning and consequent job creation, there are several underlying factors which indicate that there is a lot of work to be done in employment, employability, and ease of doing business.
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India’s labour market is undergoing a structural transformation. Total employment in India rose to approximately 64.33 crore in 2023–24 from 47.5 crore in 2017–18, reflecting robust workforce participation and a rapidly expanding labour force. This growth underscores both opportunity and challenge...
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