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LATEST NEWS UPDATES | COVID-19: Every Fourth Person Jobless as Lockdown Continues -Subodh Varma

COVID-19: Every Fourth Person Jobless as Lockdown Continues -Subodh Varma

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published Published on Apr 26, 2020   modified Modified on Apr 26, 2020

-Newsclick.in

Over 14 crore persons have lost their jobs since the lockdown began a month ago.

Over 26% of the workforce in India is without any job thus posing a dire threat to the social fabric and creating unbearable misery for millions. This is the estimate from the latest round  (April 19) of weekly sample surveys carried out by Centre for Monitoring Indian Economy (CMIE). The data shows joblessness zooming up after the Modi government declared a countrywide lockdown on March 24 in order to control the spread of COVID-19 pandemic, which has, so far, infected nearly 5 million people worldwide and caused nearly 2 lakh deaths, as per latest reports.

India has so far seen nearly 25,000 cases and 780 deaths. The government is claiming that this is a successful case of controlling the rapid spread of the highly contagious virus and it has attributed the success to the lockdown. However, global experience shows that many countries managed to control the coronavirus without going into such a drastic shutdown of the economy and all its consequences – one of which is this staggering level of unemployment.

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Newsclick.in, 26 April, 2020, https://www.newsclick.in/National-Lockdown-India-Joblessness-COVID-19-Crisis?fbclid=IwAR0Q48R-wHfbAbrBLU7aFW_v-xWBe7FnW7uhKO5DOrNX_j2A4xnNHTnaza0


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