India should have done more to protect jobs: McKinsey official
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Last Updated: Apr 06, 2021, 04:47 PM IST
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Synopsis
It can be noted that unemployment had touched record highs during the pandemic across the organised and unorganised sectors. Analysts are expecting a surge in bad loans from the otherwise resilient retail segment for the banking sectors because of such reverses.
PTI
India should have done more to protect jobs during the pandemic, a senior official from a global consultancy firm said on Tuesday.
Alok Kshirsagar, a senior partner with McKinsey & Company, said the United Kingdom ran a very effective programme to protect employment through the payroll protection initiative, while the US was also not so effective because they were not well-targeted.