According to the ILO database, India’s unemployment rate rose between 2008 (5.36%) and 2010 (5.65%), and then fell between 2013 (5.67%) and 2019 (5.27%). It then rose sharply to 7.11% in 2020.
India’s economic outlook has weakened slightly, with worst-case scenario forecasts suggesting the toll from the coronavirus pandemic could be much deeper, stoking fears the job crisis may worsen over the coming year, a poll from Reuters.
Q4 GDP Data Preview: According to a poll conducted by news agency Reuters, economists warned the outlook is either 'weak and prone to further downgrades' or 'fragile, with a limited downside.'
ITHACA The world is currently transfixed by the second wave of the COVID-19 pandemic sweeping through many regions, especially Asia, Africa and South America. But, focused as we are on the public-health crisis, we risk overlooking pandemic-related economic problems that could plague developing countries long after the wave has receded.
Read more about 97% Indians poorer post-Covid; steady fall in salaried jobs: Mahesh Vyas on Business Standard. Centre for Monitoring Indian Economy CEO Mahesh Vyas explains whether India s economy can make another quick recovery