Sudhir Paswan, 29, is back to square one in his village in Bihar s Muzaffarpur district, counting his losses. It has been more than a week since he returned, after failing to secure a job in Delhi. A labourer who loaded and unloaded goods in Delhi s Okhla Industrial Area, he would earn between Rs 200 and Rs 700 a day. Since the lockdown, there was no work and access to food and essentials became difficult. I had to leave the city, he said. Over 800,000 migrants left India s capital, for instance, for their hometowns in 2021. Paswan is just one of them. Jobs have been hit harder since the lockdowns of 2021, put in place to control the second wave of Covid-19. May has shown double-digit unemployment figures, said Mahesh Vyas, chief executive officer of Centre for Monitoring Indian Economy (CMIE), a think-tank. More than 97% of India s population became poorer compared to where they were in terms of income, he said. Its effect on the informal sector, which had barely recovered fr
10 million lost jobs in Covid 2nd wave, 97% households income declined: CMIE
Unemployment rate is expected to be at 12 per cent at the end of May as against 8 per cent in April, said Centre for Monitoring Indian Economy CEO Mahesh Vyas
BusinessToday.In | June 1, 2021 | Updated 10:05 IST
1 crore people lost jobs due to COVID-19 second wave
Centre for Monitoring Indian Economy CEO Mahesh Vyas has said that over 10 million or 1 crore people lost their jobs because of the second wave of coronavirus. He added that 97 per cent of households incomes have declined since the beginning of the pandemic last year.
Vyas added that the unemployment rate is expected to be at 12 per cent at the end of May as against 8 per cent in April. He said that this signifies that about 1 crore people lost their jobs in this period. Vyas attributed the job loss to the second wave of coronavirus. He expects the situation to get better as the economy opens up but does not believe that it will be solved e
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The Opposition party said that PM Modi refused to pay heed to good advice and the global experience of management during the time of pandemic and lockdown
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