Demonetisation will result in the loss of 4 lakh jobs.

In one of the major fallouts of the demonetisation move as many as 4 lakh people, mostly daily wagers, may have either lost their jobs or shunned work temporarily due to the lack of payment so far. The industry is staring at temporary job losses due to demonetisation, as production gets hit, especially in labour-intensive sectors like textiles, garments, leather and jewellery. According to reports, the number is likely to swell if the cash crunch persists.This estimate is based primarily on anecdotal evidence and that a clearer picture will emerge in the weeks to come.

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