Vaccine rollout, falling Covid cases are adding momentum to white-collar job scene in India
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Synopsis
A decline in Covid cases as well as fatalities and the imminent vaccine roll-out for the masses have proven to be the foremost factors giving an impetus to the battered job market.
ET Bureau
We can safely say that we are at 80-90% of the pre-Covid job market,” says Sandeep Gulati, managing director, ManpowerGroup India. As recently as December, companies hesitated to talk about hiring intent, which is now giving way to cautious yet concrete hiring plans in the coming months. So, what changed?
“A full week after the presentation of the Union Budget, the Index of Consumer Sentiments fell 4.2% in contrast to a 9% increase in equity market valuations response to the budget on the bourses,” CMIE said in its weekly analysis. “Households were not very impressed with the budget. On the contrary, they have expressed their displeasure with it,”it said. The findings are based on the Consumer Pyramids Household Survey by CMIE.
It s motivating, there is no doubt : FM Sitharaman on positive reaction to Budget 2021
Corporates, industry watchers, and markets have said Budget 2021 re-imagined both spending and borrowing and reposed faith in large-scale infrastructure building and healthcare. My focus was to get it making a difference to the economy, says FM
BusinessToday.In | February 12, 2021 | Updated 15:41 IST
Finance Minister Nirmala Sitharaman
Union finance minister Nirmala Sithraman has said her ministry s focus on Budget 2021 was to make a difference to the economy . Corporates, industry watchers, and markets have said Budget 2021 re-imagined both spending and borrowing and reposed faith in large-scale infrastructure building and healthcare. On this aspect, Budget 2021 has been hailed as one of the hits among recent budgets.
Did MNREGA Cushion Job Losses During the COVID-19 Crisis?
Analysis suggests that districts that have historically exhibited high state capacity to utilise MNREGA funds have been better able to use the additional funds for employment recovery last year â especially for women.
Women at a MNREGA work site. Photo: UN Women Asia and Pacific/Flickr CC BY NC ND 2.0
Rights11/Feb/2021
Data from the Centre for Monitoring Indian Economy (CMIE)âs Consumer Pyramids Household Survey (CPHS) show that employment fell precipitously during the nationwide COVID-19 lockdown, especially in April and May 2020. It exhibited a V-shaped recovery in June-July, when mobility restrictions were eased, but tapered off thereafter and has remained below the pre-pandemic level since the economy was opened up further from August onwards. A key measure that the government undertook to pump up employment was increased allocation for the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA).
Investors happy but households give thumbs down to Budget: CMIE
CMIE observeshouseholds expressed displeasure as a week after budget, Index of Consumer Sentiments fell 4.2%; budget may or may not be reason for household perceptions to worsen but sentiments have worsened after it, it adds
BusinessToday.In | February 10, 2021 | Updated 12:37 IST
Budget brings a sharp difference between perception of equity market investors and households, says CMIE
The value of BSE-30 companies rose five per cent and that of Nifty-50 companies rose 4.7 per cent on the day of the Budget, which is an indicator that investors were evidently happy with the Budget, private think CMIE (Centre for Monitoring Indian Economy) has said in its latest article. It is unusual for the value of these companies to rise by more than 2 per cent on an average day, said the article written by CMIE CEO Mayesh Vyas.