“There are some signs of investment revival in certain sectors, and therefore it’s entirely possible that demand for jobs in those sectors will be rising,” said Amitabh Dubey, a political analyst with consultancy TS Lombard. “The important point politically is that it’s the lower-end jobs that matter, because that is where the job destruction had happened since demonetisation,” he said, referring to the government’s overnight removal of high value bank notes from circulation in late 2016 in a bid to curtail the shadow economy and criminal activity. “It’s not clear that Naukri.com would be picking up what’s happening at that level,” Dubey said.
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