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LATEST NEWS UPDATES | Is India Facing a Post-pandemic Employment Crisis? -Murali Krishnan

Is India Facing a Post-pandemic Employment Crisis? -Murali Krishnan

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published Published on May 3, 2022   modified Modified on May 4, 2022

-Newsclick.in

India's job market is tightening, and skilled workers are finding it harder to enter the workforce. Government job drives and the informal economy have been unable to make up the difference.

Pramod Lal is a 23-year-old recent business graduate from northern India, who thought he had the credentials to be competitive in the job market. However, Lal's attempts to start a career have yet to succeed.

"Education is no guarantee for a job and I have only got rejection letters in the last year," Lal told DW.

Meanwhile, growing numbers people who have long been employed are now being made redundant.  

Lata Jain, a receptionist from the central state of Madhya Pradesh, was laid off during the coronavirus pandemic in 2020. She has yet to find gainful employment despite having years of work experience.

"I was willing to take a salary cut and work more hours to get back into a white-collar job. But it is proving difficult. I don't know how long my bad luck will continue," Jain told DW.

INDIA'S ECONOMIC LONG COVID

According to the Centre for Monitoring Indian Economy (CMIE), a think-tank specializing in economic data collection, increasing numbers of people are no longer even looking for work.

As of December 2021, the CMIE estimates that one in five college graduates are unemployed.

In April, India's overall unemployment rate rose to 7.83%, up from 7.60% in March.

The northern state of Haryana is the worst-affected, with 34.5% unemployment.

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Newsclick.in, 3 May, 2022, https://www.newsclick.in/DW/india-facing-post-pandemic-employment-crisis?fbclid=IwAR1XKKchbJkN9rynJoCotHc2acSTQYZ7TUq2O9EWOExGW-8ghTfFKkY2xcI


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