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LATEST NEWS UPDATES | India lost more jobs due to coronavirus lockdown than US did during Depression -Yogendra Yadav

India lost more jobs due to coronavirus lockdown than US did during Depression -Yogendra Yadav

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published Published on Apr 8, 2020   modified Modified on Apr 11, 2020

-ThePrint.in

New CMIE data shows mind-boggling rise in unemployment since India imposed a nationwide lockdown due to the coronavirus pandemic. Modi government must step in.

While we wait to get a clearer picture of the health coronavirus curve in India, we already have the first estimate of the job-destruction caused by the nation-wide lockdown. The numbers are staggering, worse than anything the world has ever known. More jobs were lost in India in the last two weeks than anything ever recorded in economic history. The number of “precariat” in India today may be almost as large as the population of Russia.

These are startling claims, even for the unprecedented times that we live in. So let me explain, step by step.

Please click here to read more.

 


ThePrint.in, 8 April, 2020, https://theprint.in/opinion/india-lost-more-jobs-due-to-coronavirus-lockdown-than-us-did-during-depression/397693/


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