Total number of employed has been sliding between October and December as per CMIE data
Mahesh Vyas of CMIE believes Covid 19 vaccines could prove to be the game changer for jobs
News on the economic front has mostly been positive since September last year. Parameters like GST collections, corporate results, electricity consumption, etc have been showing a sharp recovery since April and May 2020 when the full-blown impact of the lockdown was being felt. Employment though, has followed a different trajectory as per data put out by the Centre for Monitoring Indian Economy.
CMIE puts out weekly job data and it s CEO and Managing Director Mahesh Vyas tells ET Now that while there has been a tremendous recovery since April 2020 when employment dropped to 280 million from an average of 405 million a year ago, that recovery has been sliding gradually since September.