India’s Covid-19 surge robs 23 million jobs, punctures economy
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02/06/2021 - 17:32 A woman holds a child and waits with other migrant workers outside a railway station hoping to be able to travel to their home states, in Jammu, India, Friday, May 22, 2020. AP - Channi Anand Text by: Pratap Chakravarty 4 min Almost 23 million jobs have vanished in India during a disastrous Covid-19 surge that has killed tens of thousands in a matter of weeks. Millions also slipped deeper into poverty but experts said part of the problem could be solved if the economy was opened up. Advertising Read more
The dire numbers came as India added 132,788 fresh infections, taking the national tally to 28.3 million coronavirus cases on Wednesday.
97% of households incomes declined.
New Delhi: The second wave of COVID-19 rendered millions of Indians jobless with 22.7 million jobs in being lost in just two months (April & May), Mahesh Vyas, Chief of Centre for Monitoring Indian Economy said.
“We lost 22.7 million jobs in April & May during second wave. Total number of jobs in the country is of the order of 400 million. Of these 400 million people who were employed, 22.7 million lost their jobs in past 2 months,” said an ANI report, quoting Vyas.
Earlier this week, a PTI report citing Vyas had said that around 97 per cent of households incomes have declined since the beginning of the COVID pandemic last year.
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The second wave of the Covid-19 pandemic has hit the informal economy hard and over one crore Indians have lost their jobs. Household incomes have also fallen sharply as a result. Here is all you need to know.