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After lives, jobs at stake in second wave
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Second COVID Wave To Hit Jobs, Economy Harder
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In Covid-hit India, 23 crore people earn less than Rs 375 per day: Study
India s economy bounced back swiftly after the first wave of the Covid-19 pandemic, but the alarming rise in poverty tells a different story. A study suggests that 23 crore people in India are now earning less than Rs 375 per day, signalling that tackling poverty could become the next big challenge for the country.
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UPDATED: May 6, 2021 18:35 IST
At least 23 crore Indians have fallen below the national minimum wage poverty line due to the economic devastation caused by the Covid-19 pandemic. (Photo: Reuters/Representational image)
India s economy staged an impressive recovery after the first wave of the Covid-19 pandemic, but the alarming rise in poverty tells a different story about the country’s future economic outlook.
Budget 2021 hasn’t done enough to fix India’s employment crisis, say experts
The budgetary allocation for 2021-’22 for the rural jobs programme is 35% lower than the 2020-’21 revised estimate. Representational image. | Sivaram V/Reuters
The 34% rise in capital expenditure promised in the 2021-’22 Budget – from Rs 4.12 lakh crore in 2020-’21 to Rs 5.54 lakh crore – may not do much to resolve the
employment crisis caused by the pandemic-led lockdown, our analysis shows. The push for big, long-gestation infrastructure projects is good but may not result in many jobs, economists say, and the budget merely reiterates the provisions of the
labour codes passed in 2019 and 2020 by Parliament on social security and universal minimum wages.
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