The outbreak of Covid-19 and the containment policies adopted to address it have presented an unparalleled shock to labour markets, and levels of unemployment have surged in India as a result. Estimates from the Centre for Monitoring Indian Economy (CMIE) suggest that 122 million jobs were lost in April 2020. The large scale loss of jobs is unsurprising given that much of India’s workforce is engaged in work arrangements that do not offer security of tenure and continuity of income. Also, many of them are in jobs that do not give them the luxury of working from home. Even amongst regular wage salaried workers, who account for 24 per cent of total employment, 69.5 per cent had no written job contracts with their employer with respect to the duration of employment (2018-19).This makes them just as vulnerable as casual workers to the dual shock of the pandemic and lockdown.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Already a premium subscriber? LOGIN NOW
SUBSCRIBE TO INSIGHTS
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- 26 years of website archives.
- Preferential invites to Business Standard events.