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outlookindia.com 2021-01-28T11:25:29+05:30
IT doesn’t bear reiteration for most of us, but a new survey report puts in print the obvious: the employment scene in India is worse than two years back, particularly for the salaried class. Still, the findings are unexpected, given the optimism that the lifting of the lockdown would push things towards normality, as economic activities pick up and jobs are created. It really hasn’t worked out the way it was envisaged, as work from home (WFH) seems to remain in vogue globally, leading to a shift towards flexi or contract jobs.
“The employment scene is quite bad. We did see some improvement in September, when it rose to 398 million. But there has been a steady deterioration, though not worrying, in the last three months, with the number of salaried jobs falling to 389 million in December, which is lower than two years back, when it was 398 million,” says Mahesh Vyas, MD and CEO of Centre for Monitoring Indian Economy (CM
Budget 2021: 5 challenges that FM Nirmala Sitharaman needs to address
Finance Minister Nirmala Sitharaman faces a tough challenge as she gets ready to announce the Union Budget 2021. In this article, we discuss five key issues that need urgent attention.
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Finance Minister Nirmala Sitharaman. (Photo: Reuters)
Though the government has taken many steps to limit the economic impact of the pandemic, many challenges remain as India gradually recovers after entering a recession, following GDP contraction in two consecutive quarters. Some of these challenges need to be addressed by the finance minister in her upcoming budget presentation:
Demand
Even as the country witnesses gradual recovery in key economic indicators, the uncertainty prevailing over the current demand outlook has worried economists. Some experts have asked the government to come up with demand-boosting measures and fix the consumption slowdown that has crippled government revenue as well.
Younger workers and women were hit most by Covid-19 – and they’re still struggling to recover
For every 100 women employed in December 2019, 74 lost work during the lockdown and another 11 lost work subsequently, finds a survey. Representational image. | PTI
The Covid-19 pandemic has delivered a large and sustained
economic shock to the global economy. In India, the effect can be broadly divided into two phases – the shock of the
nationwide lockdown in the months of April and May 2020, and the subsequent evolution of the shock (through smaller
While several small surveys and
reports indicate that there were large employment and income losses, not only during the lockdown but
India Business News: Union finance minister Nirmala Sitharaman has described her upcoming budget as unlike anything seen in the last 100 years. When she presents it on Feb