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LATEST NEWS UPDATES | India on the brink of unprecedented unemployment crisis: CMIE report -Gyan Pathak </title>
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Analysing a recent report on unemployment in India by the Centre for Monitoring Indian Economy, GYAN PATHAK warns about the looming unprecedented unemployment crisis.
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THE real extent of the economic damage from last year is now in the open. The biggest..."/>
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Analysing a recent report on unemployment in India by the Centre for Monitoring Indian Economy, GYAN PATHAK warns about the looming unprecedented unemployment crisis.
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THE real extent of the economic damage from last year is now in the open. The biggest..." />
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<h1 class="cat-box-title">India on the brink of unprecedented unemployment crisis: CMIE report -Gyan Pathak</h1>
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Published on</span><span class="text-date"> Apr 20, 2021</span>
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<p style="text-align:justify">-TheLeaflet.in</p><p style="text-align:justify"><em>Analysing a recent report on unemployment in India by the Centre for Monitoring Indian Economy, GYAN PATHAK warns about the looming unprecedented unemployment crisis.</em></p><p style="text-align:justify">—–</p><p style="text-align:justify">THE real extent of the economic damage from last year is now in the open. The biggest loss of employment in 2020-21 was suffered by salaried employees as opposed to the popular belief that they were the safest in terms of security of employment and earning during the COVID-19 lockdown and subsequent restrictions of last year. The situation is most likely to further deteriorate in the absence of any comprehensive job retention programme, and the latest round of restrictions on people and businesses being imposed by authorities across the country in response to the second deadly nationwide coronavirus wave.</p><p style="text-align:justify">The latest Centre for Monitoring Indian Economy (CMIE) report reveals that salaried jobs across India registered a sharp decline in 2020-21 to the tune of 9.8 million. India had a total of 85.9 million salaried jobs in 2019-20 which, by the end of March 2021, reduced to 76.2 million.</p><p style="text-align:justify">This clearly indicates that all the initiatives of the Union Government for the creation and retention of secure jobs failed, most likely due to the ad hoc and hurried nature of these initiatives. It is fervently hoped that the government clearly learns from its failure and prepares a better strategy for the road ahead.</p><p style="text-align:justify">The present surge of COVID-19 represents a grave threat to the livelihood of thousands of workers. Due to the assortment of lockdowns and curfews already in place in several parts o of the country to deal with the surge of infection, it is estimated that 57% of India’s total population was forced to remain indoors over the weekend.</p><p style="text-align:justify">Please <a href="https://www.theleaflet.in/india-on-the-brink-of-unprecedented-unemployment-crisis-cmie-report/?fbclid=IwAR3zQBDZmSHiENjGUfn6ehUl8DrWIRaqcpWdygEign7AsK1k9RW65SXbwzk#" title="https://www.theleaflet.in/india-on-the-brink-of-unprecedented-unemployment-crisis-cmie-report/?fbclid=IwAR3zQBDZmSHiENjGUfn6ehUl8DrWIRaqcpWdygEign7AsK1k9RW65SXbwzk#">click here</a> to read more.</p>
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<br><a href="https://www.theleaflet.in/india-on-the-brink-of-unprecedented-unemployment-crisis-cmie-report/?fbclid=IwAR3zQBDZmSHiENjGUfn6ehUl8DrWIRaqcpWdygEign7AsK1k9RW65SXbwzk#" class="re" target="_blank">TheLeaflet.in, 20 April, 2021, https://www.theleaflet.in/india-on-the-brink-of-unprecedented-unemployment-crisis-cmie-report/?fbclid=IwAR3zQBDZmSHiENjGUfn6ehUl8DrWIRaqcpWdygEign7AsK1k9RW65SXbwzk#</a><div class="clear"></div>
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LATEST NEWS UPDATES | India on the brink of unprecedented unemployment crisis: CMIE report -Gyan Pathak </title>
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<h1 class="cat-box-title">India on the brink of unprecedented unemployment crisis: CMIE report -Gyan Pathak</h1>
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<p style="text-align:justify">-TheLeaflet.in</p><p style="text-align:justify"><em>Analysing a recent report on unemployment in India by the Centre for Monitoring Indian Economy, GYAN PATHAK warns about the looming unprecedented unemployment crisis.</em></p><p style="text-align:justify">—–</p><p style="text-align:justify">THE real extent of the economic damage from last year is now in the open. The biggest loss of employment in 2020-21 was suffered by salaried employees as opposed to the popular belief that they were the safest in terms of security of employment and earning during the COVID-19 lockdown and subsequent restrictions of last year. The situation is most likely to further deteriorate in the absence of any comprehensive job retention programme, and the latest round of restrictions on people and businesses being imposed by authorities across the country in response to the second deadly nationwide coronavirus wave.</p><p style="text-align:justify">The latest Centre for Monitoring Indian Economy (CMIE) report reveals that salaried jobs across India registered a sharp decline in 2020-21 to the tune of 9.8 million. India had a total of 85.9 million salaried jobs in 2019-20 which, by the end of March 2021, reduced to 76.2 million.</p><p style="text-align:justify">This clearly indicates that all the initiatives of the Union Government for the creation and retention of secure jobs failed, most likely due to the ad hoc and hurried nature of these initiatives. It is fervently hoped that the government clearly learns from its failure and prepares a better strategy for the road ahead.</p><p style="text-align:justify">The present surge of COVID-19 represents a grave threat to the livelihood of thousands of workers. Due to the assortment of lockdowns and curfews already in place in several parts o of the country to deal with the surge of infection, it is estimated that 57% of India’s total population was forced to remain indoors over the weekend.</p><p style="text-align:justify">Please <a href="https://www.theleaflet.in/india-on-the-brink-of-unprecedented-unemployment-crisis-cmie-report/?fbclid=IwAR3zQBDZmSHiENjGUfn6ehUl8DrWIRaqcpWdygEign7AsK1k9RW65SXbwzk#" title="https://www.theleaflet.in/india-on-the-brink-of-unprecedented-unemployment-crisis-cmie-report/?fbclid=IwAR3zQBDZmSHiENjGUfn6ehUl8DrWIRaqcpWdygEign7AsK1k9RW65SXbwzk#">click here</a> to read more.</p>
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<br><a href="https://www.theleaflet.in/india-on-the-brink-of-unprecedented-unemployment-crisis-cmie-report/?fbclid=IwAR3zQBDZmSHiENjGUfn6ehUl8DrWIRaqcpWdygEign7AsK1k9RW65SXbwzk#" class="re" target="_blank">TheLeaflet.in, 20 April, 2021, https://www.theleaflet.in/india-on-the-brink-of-unprecedented-unemployment-crisis-cmie-report/?fbclid=IwAR3zQBDZmSHiENjGUfn6ehUl8DrWIRaqcpWdygEign7AsK1k9RW65SXbwzk#</a><div class="clear"></div>
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<h1 class="cat-box-title">India on the brink of unprecedented unemployment crisis: CMIE report -Gyan Pathak</h1>
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<p style="text-align:justify">-TheLeaflet.in</p><p style="text-align:justify"><em>Analysing a recent report on unemployment in India by the Centre for Monitoring Indian Economy, GYAN PATHAK warns about the looming unprecedented unemployment crisis.</em></p><p style="text-align:justify">—–</p><p style="text-align:justify">THE real extent of the economic damage from last year is now in the open. The biggest loss of employment in 2020-21 was suffered by salaried employees as opposed to the popular belief that they were the safest in terms of security of employment and earning during the COVID-19 lockdown and subsequent restrictions of last year. The situation is most likely to further deteriorate in the absence of any comprehensive job retention programme, and the latest round of restrictions on people and businesses being imposed by authorities across the country in response to the second deadly nationwide coronavirus wave.</p><p style="text-align:justify">The latest Centre for Monitoring Indian Economy (CMIE) report reveals that salaried jobs across India registered a sharp decline in 2020-21 to the tune of 9.8 million. India had a total of 85.9 million salaried jobs in 2019-20 which, by the end of March 2021, reduced to 76.2 million.</p><p style="text-align:justify">This clearly indicates that all the initiatives of the Union Government for the creation and retention of secure jobs failed, most likely due to the ad hoc and hurried nature of these initiatives. It is fervently hoped that the government clearly learns from its failure and prepares a better strategy for the road ahead.</p><p style="text-align:justify">The present surge of COVID-19 represents a grave threat to the livelihood of thousands of workers. Due to the assortment of lockdowns and curfews already in place in several parts o of the country to deal with the surge of infection, it is estimated that 57% of India’s total population was forced to remain indoors over the weekend.</p><p style="text-align:justify">Please <a href="https://www.theleaflet.in/india-on-the-brink-of-unprecedented-unemployment-crisis-cmie-report/?fbclid=IwAR3zQBDZmSHiENjGUfn6ehUl8DrWIRaqcpWdygEign7AsK1k9RW65SXbwzk#" title="https://www.theleaflet.in/india-on-the-brink-of-unprecedented-unemployment-crisis-cmie-report/?fbclid=IwAR3zQBDZmSHiENjGUfn6ehUl8DrWIRaqcpWdygEign7AsK1k9RW65SXbwzk#">click here</a> to read more.</p>
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<br><a href="https://www.theleaflet.in/india-on-the-brink-of-unprecedented-unemployment-crisis-cmie-report/?fbclid=IwAR3zQBDZmSHiENjGUfn6ehUl8DrWIRaqcpWdygEign7AsK1k9RW65SXbwzk#" class="re" target="_blank">TheLeaflet.in, 20 April, 2021, https://www.theleaflet.in/india-on-the-brink-of-unprecedented-unemployment-crisis-cmie-report/?fbclid=IwAR3zQBDZmSHiENjGUfn6ehUl8DrWIRaqcpWdygEign7AsK1k9RW65SXbwzk#</a><div class="clear"></div>
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LATEST NEWS UPDATES | India on the brink of unprecedented unemployment crisis: CMIE report -Gyan Pathak
India on the brink of unprecedented unemployment crisis: CMIE report -Gyan Pathak
Published on Apr 20, 2021
Modified on Apr 21, 2021
-TheLeaflet.in
Analysing a recent report on unemployment in India by the Centre for Monitoring Indian Economy, GYAN PATHAK warns about the looming unprecedented unemployment crisis.
—–
THE real extent of the economic damage from last year is now in the open. The biggest loss of employment in 2020-21 was suffered by salaried employees as opposed to the popular belief that they were the safest in terms of security of employment and earning during the COVID-19 lockdown and subsequent restrictions of last year. The situation is most likely to further deteriorate in the absence of any comprehensive job retention programme, and the latest round of restrictions on people and businesses being imposed by authorities across the country in response to the second deadly nationwide coronavirus wave.
The latest Centre for Monitoring Indian Economy (CMIE) report reveals that salaried jobs across India registered a sharp decline in 2020-21 to the tune of 9.8 million. India had a total of 85.9 million salaried jobs in 2019-20 which, by the end of March 2021, reduced to 76.2 million.
This clearly indicates that all the initiatives of the Union Government for the creation and retention of secure jobs failed, most likely due to the ad hoc and hurried nature of these initiatives. It is fervently hoped that the government clearly learns from its failure and prepares a better strategy for the road ahead.
The present surge of COVID-19 represents a grave threat to the livelihood of thousands of workers. Due to the assortment of lockdowns and curfews already in place in several parts o of the country to deal with the surge of infection, it is estimated that 57% of India’s total population was forced to remain indoors over the weekend.
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