Job Are Coming Back in India for daily wagers but salaried persons are still struggling. As you know, Job loss in India increased exponentially since the beginning of the corona lockdown started from March-20. A total 12 crore people lost their job across India in the first month of lockdown in April-20. However, there is good news for people as jobs are coming back with the announcement of unlock down from1st June-20.
According to CMIE (Center for Monitoring Indian Economy), more than 2 crore jobs have come back in May-20 and total 7 crore till June-20. As per the report, a total of 12.2 crore jobs lost in April-20 where 9.1 crore jobs are come back by end of June-20. As per CMIE data, India had approx 40.4 crore jobs in 2019-20. This is reduced to 37.4 crore jobs by end of June 2020. Total 7.4% of people lost their job due to coronavirus in India.
Apprx 63% of jobs come back for daily wagers till June 2020
According to CMIE data, a total of 4.44 crore jobs back is for daily wagers. This data consists of small shopkeepers and daily wage labourers who earn daily for their livelihood. This means that more than 63% of the 7 crore jobs come back from daily wagers.
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Let me tell you that more than 75% of jobs in India are from daily wagers. The 90% daily wagers lost their jobs due to coronavirus in India. it is evident that their jobs have come back when the lockdown opened in India. But the story is not the same for the formal sector and salaried class people.
Bad news for salaried class but good news for the agriculture sector
There is good news for job seekers in this coronavirus pandemic. There are 14 Lakh new jobs created in agriculture since lockdown started in March. The total 1.0 crore new jobs created in the agriculture sector till June-20. India already had 11 crore jobs in the agriculture sector in 2019-20. The total job in the agriculture sector increase to 13 crore jobs by end of June-10.
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There is a piece of bad news for the salaried class in the country. A total of 8.6 crore people were employed in the country before lockdown in March-20. But in May 2020, their number has come down to less than 7 crores. In April, 1.77 crore and 1.78 crore in May lost their job in the salaried class. More than 3.0 crore people lost their job in April and May. The problem will continue is this sector as new job opportunities may not come until the end of the financial year.
Total 19.5 Crore people lost this job in 4 phase of lockdown in India
There are 4 phases lockdowns imposed in the country to prevent the corona from spreading. The first lockdown lasted from 25 March and continued till 14 April. The second lockdown started from 15 April to 3 May. The third lockdown from 4 May to 17 May and a fourth lockdown from 18 May to 31 May. After this, the process of unlocking the country started on 1 June.
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As per another report from IGIDR (Indira Gandhi Institute of Development Research). 19.5 crore people lost their jobs during the 4 phases of lockdowns in the country. Total 11.6 crore in the first lockdown and 7.9 crore in the second lockdown lost their job. According to the IGIDR, India had approximately 46 people employed in this country before lockdown. The 42% job from this 46 crore are either lost their job or they are the verge of losing their job.
Government is not talking on this issue of job loss and new job creation
Job loss is a real big issue in this country but the government is not interested in the discussion. It is a tough topic to discuss and the government does not have a concrete plan to address this issue. The current government is just diverting people attention from the economy and job to other topics.
We warn them as this will bounce back to them and they may face the heat in the future. This is the most important issue and the government has to make a policy to address this issue. If the economy is not back or track and job opportunity created in India. The people of India will spell their mandate in the coming days.
