Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

Eight out of 10 workers in urban India lost jobs during lockdown: Survey

Jobs

Eight out of 10 workers in urban areas lost their jobs during the nationwide lockdown and almost 6 in 10 people in rural India witnessed job losses, as stated in a survey by Azim Premji University (APU).

lost Jobs

Advertisementnbfc 100

The survey further revealed that the centre’s transfer of cash stimulus could reach nearly one-third (36%) of the vulnerable households in urban India; while a little higher than half of the rural households received such cash benefit, according to the survey.

The survey was conducted among 4000 workers around 12 states of India by the Centre for Sustainable Employment at APU. It also revealed that one-fourth of the 688 landed farmers surveyed received the cash transfer through the PM-Kishan scheme.

Advertisement24th Elets NBFC100 Tech Summit & Awards, Mumbai

Workers and farmers, who were surveyed by the institute, said that Rs 500, given by the centre’s as assistance, is good to sustain for two to three days for a family, however, the lockdown was observed for nearly 45 days. The institute in its report suggested they should be given at least Rs 7000 for the next two months.

AdvertisementWorld AI Summit 2026 | Bengaluru

According to the APU survey, the lockdown since March 24 has taken “a heavy toll on the economy and particularly on vulnerable informal and migrant workers and their families”. The report emphasised on the need for immediate as well as medium to long term, comprehensive policy measures to counter these effects and chart the path to economic recovery.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

The survey analysed the levels of employment and earnings from the time the lockdown was announced, and compared them to the situation in February. It covered self-employed, casual, and regular wage/salaried workers.

While more than 90 percent of the urban farmers could not sell their produce at its optimum price during the lockdown; about 88 percent of farmers in rural India did not to get full price.

Nearly 80 percent of the urban households have consumed less food than before, noted the survey.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Tags: Jobs Lockdown

Our Coverage of News

Federal Bank Appoints Virat Diwanji as Executive Director

Federal Bank has appointed Virat Diwanji as Executive Director, effective October 12, 2026, following approval from the Reserve… Read more →

NETSCOUT Launches nGenius Copilot to Accelerate Network Problem Solving with Conversational AI

October 1, 2026: NETSCOUT, a provider of network observability, AIOps, cybersecurity and DDoS protection solutions, has announced nGenius… Read more →

CUPI Targets Thousands of Businesses as B2B Expense Management Moves Towards Real-Time Payments

Bengaluru, September 30, 2026: CUPI, a digital business expense management platform, is targeting thousands of businesses over the… Read more →

AU Small Finance Bank Crosses 1,000 Microfinance Branches, Reaches 20 Lakh+ Customers

AU Small Finance Bank (AU SFB) has crossed the milestone of 1,000 Microfinance & Financial Inclusion Business (MFIB)… Read more →

Apple Pay Launches in India with Axis Bank Cards, Expands Contactless Payment Options

Apple has launched its Apple Pay payments service in India, allowing users to make contactless payments using compatible… Read more →

Melento Partners with Gnani AI to Bring Voice AI Agents to Global Enterprise Customers

Bengaluru-based enterprise agentic AI company Melento, formerly known as SignDesk, has announced a collaboration with frontier AI company… Read more →