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Negative perception on economy and employment rises to an eight-year high

-The Hindu More than 80% of respondents say the country's economic and employment situation worsened in May 2021 Job losses in urban areas as a consequence of COVID-19-related lockdowns have crushed the confidence levels of city dwellers. Their negative perception of the economy and employment situation has reached the highest level recorded in at least eight years. The negative perception remained high with regard to the overall price situation and incomes too....

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Second wave rendered 1 crore Indians jobless; 97% households’ incomes declined in pandemic: CMIE

-PTI/ The Indian Express Stating that the main reason for the job losses is "mainly the second wave" of COVID-19 infections, Vyas said, "As the economy opens up, part of the problem will be solved but not entirely." Over 10 million Indians have lost their jobs because of the second wave of COVID-19, and around 97 per cent of households’ incomes have declined since the beginning of the pandemic last year, Centre...

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Indian women are suffering more than men during the pandemic, data shows -Vrishti Beniwal

-ThePrint.in The Unemployment Rate for women shot up to 17%, more than double the rate for men, data from private research firm Centre for Monitoring Indian Economy revealed. New Delhi: Women in India suffered disproportionately because of the coronavirus outbreak last year and they are once again at the receiving end of the pandemic’s second wave, adding to the risks of economic recovery. From lower wages to job losses and slower pace of...

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Second wave wreaking havoc on rural lives. Will it impact rural livelihoods as well?

With the rise in Covid-19 daily new cases and daily new deaths since March this year, media reports (please click here and here) on migrant workers returning back to their native places (i.e. places of origin) from migration destinations (i.e. workplaces likes cities and large industrial towns to where the informal and low skilled workers from the marginalised sections of the society migrate seasonally, and sometimes for a longer duration,...

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COVID-19 Driving Up Unemployment -Gyan Pathak

-Newsclick.in As India faces a grim economic scenario due to the second wave of the pandemic in India, the government needs to step in to create employment opportunities. The second wave of COVID-19 beginning from February 2021 has not only severely impacted the economic recovery in India, but has also threatened a contraction in its GDP and consequently a sharp spike in unemployment. S&P’s moderate and severe severe downside scenario has estimated...

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