Job loss! Demonetisation, GST led to dip in jobs, profits for MSMEs, traders: AIMO survey

  • Demonetisation, GST led to dip in jobs, profits for MSMEs, traders: AIMO survey.
  • The micro small and medium enterprises (MSMEs) and traders have registered a huge decline in jobs and profits in the last 4.5 years, particularly after the roll-out of GST and demonetisation, according to the latest survey by the All India Manufacturers’ Organisation (AIMO).
  • The AIMO, which represents over 3 lakh MSMEs engaged in manufacturing and export activities, said in the survey that MSMEs witnessed a rough weather since 2014 and there is a need to pay attention to revive the sector with a lot more urgency and seriousness.
  • These included stitching units, matches, plastic, crackers, dyeing units, stone units, tanneries, job work units and printing companies.

Read full article: financialexpress.com