Traders, MSMEs saw 3.5 mn job losses due to note ban, GST, other factors
15 Dec 2018 9:58 AM GMT
Among various solutions, AIMO pushed for the supply of raw materials such as steel and aluminium to MSMEs at a lower subsidised cost
- The TMSME (Traders, micro, small and medium enterprises) sector has seen a loss of around 3.5 million jobs in the past 4.5 years, according to a survey conducted by the All India Manufacturers Organisation (AIMO).
- The worst-hit sectors where unorganised employment prevails were plastic, matches, crackers, dyeing units, stitching units, stone units, tanneries, job working units, and printing sectors, said the report.
- Raghunathan added that companies that were making a profit during 2014–15 have come down significantly in the past few years.
- Sectors that require immediate revival and need a great degree of assistance, according to AIMO, are housing, textiles, automobiles, power, match industries, stone industry, plastic, tannery and consumer products.
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