Leaving the middle class high and dry
Over 66 lakh white collar professionals lost their jobs between May and August - The Hindu
Over 66 lakh white collar professionals lost their jobs between May and August - The Hindu×
The Budget has once again ignored the middle class. The pandemic had exposed the fragility of India’s consumption base
There was this meme that went viral on Twitter soon after Finance Minister Nirmala Sitharaman unveiled her “historic” Budget. It showed a picture of three Arctic wolves. Two of them one labelled ‘upper class’ and the other ‘lower class’ appeared to be laughing heartily, while the third, tagged ‘middle class’, looked on glumly. “It’s hard to be middle class”, the Tweet said.
The services sector, barring education, witnessed a near-complete recovery in employment by the December quarter after a significant dip earlier in the year due to the Covid-19 pandemic, the Centre for Monitoring Indian Economy said.
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
Pandemic Effect: 9 Months On, More Younger Workers Remain Jobless indiaspend.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiaspend.com Daily Mail and Mail on Sunday newspapers.
Jobs in India projected to fall 2.5% to 395 mn in Q3: CMIE
The CMIE projected that employment in India will decline by 2.5 per cent to 395 million in December quarter of FY21, compared to 405 million in the year ago period
Chitranjan Kumar | December 22, 2020 | Updated 20:53 IST
December quarter would end with employment of 395 million, says CMIE
India s employment is expected to fall by 2.5 per cent year-on-year (YoY) in October-December quarter of the current fiscal (FY21) as compared to the same period last year, according to a latest report by private think-tank Centre for Monitoring Indian Economy (CMIE). The third quarter of fiscal FY21 would end with employment of 395 million, which would be 2.5 per cent lower than 405 million employed in the December 2019 quarter, as per the CMIE data.