Demonetisation Is Not Just Taking A Toll On The Economy, It Could Cost As Many As 4 Lakh Jobs

With employers finding it increasingly difficult to pay their employees, the demonetisation is resulting in millions being left out of a livelihood.

So far the worst affected is the agriculture sector, where small scale farmers, owing to the ?cash crunch have left their fields untilled at a time when the winter crop should have been sown.

BCCL

Initial estimates suggests that the unorganised sector has been hit which is expected to worsen in the coming days.

Labour intensive sectors like textiles, garments, leather and jewellery have also been affected.

According to industry experts one-fifth of the almost 32 million people employed in the textile and garment sector who are paid wages either daily or weekly are hit.

BCCL

The situation is almost the same in the leather industry where 20-25 per cent of the roughly 2.5 lakh workers in have been adversely affected.

BCCL

In the jewellery sector, 15-20 percent of workers have been affected or are already without a job. Many jewellery shops have also remained shut since the?