Unemployment in India can push 40 Crore+ people below the poverty line. The Corona epidemic has increased the unemployment risk to India. As per United Nations Covid-19 could lead the loss of 19.5 million jobs globally in the second quarter of this year. The ILO in a report said the coronavirus epidemic is the worst global crisis after World War II.
The ILO director, Gai Ryder said, “These figures show how fearful the situation is. Workers around the world have affected by the current crisis. Workers and businesses are facing catastrophe in both developed and developing economies.”
Around two billion people at the risk in the world due to Covid-19 crisis
Around two billion informal sector people are at the highest risk due to coronavirus. The report said that the Covid-19 crisis is already affecting millions in the informal sector.
The ILO said, “Lockdown in India has affected a large number of informal workers.”
The report says, “90 per cent workforce in India work for the informal sector. They contribute a large number to the Indian economy. Workers account for about 90 per cent of the informal economy in India. From this, around 40 crore workers expected to move below the poverty line due to Covid-19. These workers affected by the nationwide lockdown implemented in India. Labours forced to return to their villages due to their job loss or uncertainty.
Unemployment in India push large workforce to go back to their villages in India
“This is the biggest test for international cooperation in the last 75 years,” said Ryder. If one country fails, then all will fail. We need to find solutions that help all sections of our global society. This should include people from the weakest section and help them. According to the report, the largest employment cut will be in Arab countries. This will be followed by Europe and Asia-Pacific.
