Another component of the report looked at the job losses and estimated that India might have lost 50 lakh jobs between 2016 and 2018

The travel business of Paytm has witnessed a four times rise in its customer base this year. Last year, the online payment firm had a customer base of 9 million which has now increased to 13 million.

The NSSO report said that Kerala continued to post the highest unemployment rate at 11.4 per cent in 2017-18 compared to 6.1 per cent in 2011-12, followed by Haryana with 8.6 per cent in 2017-18 to 2.8 per cent in 2011-12.