Between January and April 2017, the total number of jobs in the country has decreased to 405 million, which was 406.5 million between September and December 2016 after the notes ban.

After the notes ban, nearly 1.5 million people have lost their jobs in India. This has been revealed in a survey. If four people in the house are dependent on an earning person, then according to this decision of PM Narendra Modi, more than six million people have been troubled for bread.

The Center for Monitoring Indian Economy (CMIE) has presented the data of quarterly wise jobs in the survey. Consumer pyramid housing survey of CMIE shows that between January and April 2017, the number of jobs in India decreased to 405 million (40.5 crores) after the notes ban, which was 406.5 (40.65 lakhs) between September and December 2016. After the notes ban, the number of jobs decreased by 1.5 million ie 15 lakhs.

During the household survey conducted across India, statistics related to employment and unemployment among the youth were collected between January and April 2016. In this survey, a total of 1 lakh 61 thousand, one hundred and sixty-five houses were surveyed for a total of 5 lakhs 19 thousand, 285 youths. The survey said that then 401 million people, ie 40.1 crores people, had jobs. This figure increased from 403 million i.e. 40.3 crores and between September and December 2016, 406.5 million ie 40.65 crores between May-August 2016.

After this, the employment figures decreased to 405 million i.e. 40.5 crores between January 2017 and April 2017. It is clear that during this period, jobs of 15 lakh people have ended.

It has been said in the report that the notes ban imposed on November 8, 2016 had huge impact in these months. However, it has also been said in the report that there has been partial impact of notes ban in the quarter ended September to December 2016.

It has also been said in the report that from January 2016 to October 2016, the labour participation was 46.9 percent, which was reduced by 44.5 percent till February 2017, 44 percent till March and 43.5 percent till April 2017. That is, due to the slowdown in the factories and industries, workers were not get work.

The report says that less fall in employment figures in the last quarter of September to December 2016 due to good kharif crop production.

It has been said in the report that after the November cash crunch in the market, the working class had to suffer a lot.

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