The unorganized sector in India has been hit hard by demonetization, the GST, the NBFC crisis, and the pandemic — four major shocks causing its decline.
➡️ This sector provides over 90% of employment, but lacks sufficient government support, leading to persistent unemployment.
➡️ Government policies are skewed towards capital-intensive projects, while employment-intensive areas see budget cuts. This structural imbalance worsens the unemployment problem, but the government is not tackling it at a structural level.
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