POST-LOCKDOWN, MILLIONS TO STAY JOBLESS
BAIL-OUT PACKAGE NOT ENOUGH TO PROTECT EMPLOYMENT, ECONOMY
2020-05-18 10:18
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At least 200 million people may have lost job since the nation-wide lockdown was clamped on March 25 to curb the spread of Covid-19. Although the Centre for Monitoring the Indian Economy (CMIE) in its last report said that 122 million Indians lost their jobs in April pushing the country’s unemployment rate to a record high of 27.1 per cent, the actual figure by May-end will be much higher taking into account the lockdown impact on the vast informal and unorganised sectors.