Economic activity has resumed after the government gradually eased pandemic lockdown restrictions.
There was a likely marginal improvement in aggregate employment in the first three weeks of December, compared with the previous month, according to private think-tank the Centre for Monitoring Indian Economy (CMIE) that analyses economic indicators. The estimates on aggregate employment or the average rate of job growth offer yet another sign of green shoots in the economy, which contracted at a better-than-estimated 7.5 per cent in the July-September period, following a record 23.9 per cent slump in the previous quarter.
The data highlights that December is on track to become the first month showing improvement in employment following two straight months of a gradual decline, said CMIE s managing director Mahesh Vyas in a column in Business Standard.