The real impact of demonetisation and the goods and services tax (GST) — two big economic decisions taken by the Narendra Modi-led National Democratic Alliance — on jobs has been much more than what is shown in the headline unemployment rate figures given in the National Sample Survey Office’s (NSSO's) report for 2017-18.
According to the current weekly status (CWS) approach of the NSSO’s periodic labour force survey (LFPS), the unemployment rate stood at 8.9 per cent in 2017-18. In this approach, the activity status of a person is determined on the basis ...
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