Uncovering the Consequences of Economic Turbulence on Job Market in the Informal Sector

Thursday, 11 July 2024, 22:25

The post delves into the aftermath of three significant economic shocks that have resulted in the loss of 16.45 lakh jobs within the informal sector over a span of 7 years. It highlights the challenges faced by workers in this sector and sheds light on the broader implications for the economy. Despite efforts to revive the job market, the data paints a sobering picture of the employment landscape.

LivaRava Finance Meta Image — Uncovering the Consequences of Economic Turbulence on Job Market in the Informal Sector

Impact of Three Economic Shocks:

After three shocks, 16.45 lakh jobs were lost in the informal sector over 7 years.

Critical Job Losses:

16.45 lakh jobs affected in informal sector.

Despite attempts to revitalize the job market, the situation remains dire for workers in this sector.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Impact of Three Economic Shocks:

Critical Job Losses:

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