97% Households’ Incomes Declined In Pandemic, 1 Crore Indians Jobless: CMIE
- ByStartupStory | June 1, 2021
Second COVID-19 wave rendered, incomes declined in pandemic with over 10 million Indians have lost their jobs, around 97 percent of households’ incomes declined in pandemic since the beginning of last year. Centre for Monitoring Indian Economy (CMIE) Chief Executive Mahesh Vyas said on Monday. CMIE had completed a nation-wide survey of 1.75 lakh households in April, which threw up worrying trends on income generation during the last one year which has brought two waves of the pandemic, Mahesh Vyas said reporting about incomes declined in pandemic.
Further, on the same note he added The unemployment rate measured by the think-tank is expected to come at 12 percent at the end of May as against 8 percent in April, elaborating on incomes declined in pandemic that about 10 million or one crore Indians have lost jobs in this period.Stating that the main reason for the job losses is “mainly the second wave” of COVID-19 infections, Vyas said, “As the economy opens up, part of the problem will be solved but not entirely.”
Follow Startup Story
Related Posts
