Covid lockdowns and ongoing Omicron wave have hit hard, but GST hike to 12% from 5% on footwear below Rs 1,000 has knocked down many businesses & left labourers without work.
Uttar Pradesh's brass, scissors and locks industries all hit by lockdowns, rising input costs & inflation. Small business owners complain of being denied loans under govt schemes for MSMEs.
Handloom weaving, among smallest components of textile MSMEs, took a massive hit due to the lockdowns, which saw consumer demand plummet, crippling garment industry as a whole.
The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Coaching centres for Army aspirants in Jhunjhunu are shutting down due to plummeting admissions in the face of a lack of job guarantees under Agnipath Scheme.
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