As employment rate continues to worsen amid the second wave of Covid-19, the Centre for Monitoring Indian Economy (CMIE) has said that the Indian labour market is in its worst condition since April-May last year, when the whole country was .
FY20-21 is an outlier in India s financial system with the onset of pandemic. One direct corollary of pandemic in FY20-21 was a distinct slowdown in bank credit growth that has also continued into FY22.