The lockdown implemented due to corona virus infection has a very adverse effect on the employment of the country. In the month of March and April, 12.4 crore people have lost their employment in the country. A large figure in this is of people who work in the unorganized sector or work at a lower level. In particular, people belonging to street vendors, self-employed and salaried class have suffered the most. After this, some conditions have improved in May and an estimated 21 million people have returned to work. However, lockdown has started opening from June 1 and Unlock-1 has come into force. In such a situation, there may be a further increase in the number of people joining employment in the coming days.
However, salaried class may face job crisis in the coming days as well. According to CMIE data, about 10.1 million people lost their jobs in March. In the month of April, 113.6 million or 11.3 million people have lost their employment. Talking about the month of April, 2 crore business related people have lost their jobs, while about 1.5 crore salaried employees have suffered from job loss.
The biggest crisis has been faced by small businessmen and daily wage laborers. 7.8 crore daily wage laborers and those associated with small industries have faced their livelihood crisis in the month of April. However, good conditions have been observed in agriculture related areas. In the month of April, no farmer has faced livelihood crisis.
Significantly, due to the Corona crisis, apart from small industries, all the big companies of the corporate sector have also suffered an economic crisis. Tech startups, in particular, have suffered a major crisis and have also been massively laid off. Many giants such as Ola, Swiggy, Zomato, Uber have also laid off a large number of their employees to deal with this phenomenon.
