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COVID-19 Impact: 41 Lakh Youth Lost Jobs in India, Says ILO-ADB Report

-TheWire.in/ PTI

The young people's employment prospects in Asia and the Pacific are severely challenged due to the pandemic, the report found.

New Delhi: As many as 41 lakh youth in the country lost jobs due to the COVID-19 pandemic while construction and farm sector workers account for the majority of job losses, according to a joint report by the International Labour Organization (ILO) and the Asian Development Bank (ADB).

“For India, the report estimates job loss for 4.1 million youth. Construction and agriculture have witnessed the major job losses among seven key sectors,” said the ILO-ADB report, titled ‘Tackling the COVID-19 youth employment crisis in Asia and the Pacific’, released on Tuesday.

The young people’s employment prospects in Asia and the Pacific are severely challenged due to the pandemic, it added.

Youth (15–24 years) will be hit harder than adults (25 and older) in the immediate crisis and risk bearing higher longer-term economic and social costs, said the report.

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