Lockdown to cause loss of 130 mn jobs in India: Survey


India is likely to lose nearly 130 million jobs due to the lockdown, initiated to curb the spread of the Covid-19 crisis, said Kolkata based human resource consulting firm Genius Consultants.

 JobsFurther, 40 percent of the estimated 130 million would belong to the blue-collar domain. The estimates represent the sectors namely aviation, automobile, travel and tourism, food, entertainment, and to some extent in the manufacturing segment.

The country has entered into the fifth phase of the lockdown with several relaxations in a bid to ease the under pressure economy. However, the continual rise in the number of cases of the deadly virus is a huge matter of concern.

Also Read: COVID-19 and its impact on Indian economy

Cases in India have surpassed over 3 lakh and more than 9,000 people have lost their lives during the pandemic due to the virus. Maharashtra followed by Tamil Nadu, Delhi, Gujarat and Uttar Pradesh are the states with the highest number of Covid-19 cases.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

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 & Pinterest.