In this video, The Lallantop’s Nikhil Wath talks about the report released by India ratings and Reasearch. India ratings and Research is a subsidiary of Fitch rating agency. The report “Monthly Macro View: Economic Loss Post 2016 for informal Sector Estimated at 4.3% of GDP” states that due to Demonetisation, GST implementation and COVID Lockdown there was a loss of 1 crore 60 Lakh jobs in the informal sector. In this video, he also explains about How economic shocks(Noteban, GST & Lockdown) led to low labour force participation rate in India?


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Produced By: The Lallantop
Edited By: HONEY