Economic Times With investors tightening their purse strings because of the volatility in the global economy, many unicorns and startups such as Byju’s, Swiggy and Ola have slowed down hiring or even resorted to firing employees. Startups in India fired about 6,000 employees in October-December 2022 and another 4,000 or so in January 2023, the Economic Times reported, citing a report by CIEL Human Resources services. Many unicorns and startups like Byju's, Swiggy...
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What data told us about India in 2022 - Akshi Chawla
DeCEDA/Qrius 2022 was a milestone year for India. India walked into 2022 with an infectious wave of Covid-19 impacting lakhs of people, the wave receded a few weeks into the year. As hopes for a post-pandemic recovery surged, war in Ukraine brought in new challenges for the economy. With supply chains disrupted, global sanctions imposed on Russia, prices of fuel and food shot up. Inflation, already on a high from pent-up...
More »India to soon suffer heatwaves that break human survivability limit: World Bank report -Sayantani Biswas
-Livemint.com A report shows that lost labor from rising heat and humidity could put up to 4.5% of India's GDP –approximately $150-250 billion – at risk by the end of this decade. A report by World Bank has a ominous warning for India and it only spells doom, as the report has stated that India will soon be one of the first countries that will experience severe heatwaves that will break the...
More »Results of a survey in 4 states reveals how MGNREGA protected the poor from income shocks during the pandemic
-Press release by Azim Premji University dated October 13, 2022 New Delhi & Bangalore, October 13: About 39 percent of all jobcard-holding households interested in working under the Mahatma Gandhi National Rural Employment Guarantee Act 2005 did not get a single day of work in the Covid year of 2020-21. Also, on average, only 36 per cent of households that worked received their wages in 15 days, showed a survey of...
More »Jobs revival
-The Hindu Business Line The latest PLFS report shows that urban India has recouped jobs lost during Covid, but there are some structural shifts As Covid wanes, India’s high-frequency indicators suggest that economic activity is normalising quickly, with high-contact services such as trade, hospitality and travel being the latest to revive. NSO’s latest Periodic Labour Force Survey (PLFS) for the April-June quarter of 2022 shows that the growth revival is reflecting in...
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