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GST effect: Hundreds of thousands laid off despite growth

Implementation of GST has improved economic efficiency but critics say the complexities of the new regime have driven many small enterprises out of business and forced hundreds of thousands out of jobs. India’s unemployment rate rose to 6.4 % in August from 4.1 % in July last year despite an additional 1.7 crore people joining the workforce.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2wUtOor
GST effect: Hundreds of thousands laid off despite growth GST effect: Hundreds of thousands laid off despite growth Reviewed by Space encyclopaedia on September 06, 2018 Rating: 5

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