Startup news and updates: daily roundup (June 1, 2021)
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1 Crore Indians Lost Their Jobs During Second Wave Of COVID; 97% Households Incomes Declined
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Second COVID wave rendered 1 crore Indians jobless; 97 pc households incomes declined in pandemic: CMIE
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: Tuesday, June 1, 2021, 11:15 PM IST
COVID-19 effect: 97% of households incomes declined, over one crore Indians lose jobs due to second wave
pexels
Over 10 million Indians have lost their jobs because of the second wave of pandemic, and around 97 percent of households incomes have declined since the beginning of the pandemic last year, Centre for Monitoring Indian Economy (CMIE) chief executive Mahesh Vyas said on Monday.
The unemployment rate measured by the think-tank is expected to touch12 percent at the end of May, as against 8 percent in April, Vyas told PTI, adding this signifies that about 10 million or 1 crore Indians have lost jobs in this period.