The financial distress caused by pay cuts and job losses during the pandemic may have forced Indian households to dip into their savings and borrow more to meet expenses.
Just when things had started looking up for garment workers, a possible second wave of the Covid-19 pandemic has brought back fears of income loss yet again.
The WEF-Ipsos survey showed that at least two out of three Indians are deeply concerned about losing of income or employment in 2021.
The Survey did speak about some labour reforms and interesting trends like flexi-staffing, but the approach remained superficial and it did not talk about lack of employment creation.
The row of stalls on either side of the highways selling fish, vegetables, biryani and clothing is an indicator of the impact of the Covid-induced lockdown on the urban poor.
At 5.0 per cent, the figure is 1.2 percentage points higher than a year earlier, the ONS added.
The International Labor Organization estimated that the restrictions on businesses and public life destroyed 8.8% of all work hours around the world last year.
Janardhanaraja arrived with his family at his native Rajapalayam on Wednesday night and checked in at a lodge. The next night, the trio allegedly consumed poison.
Rajesh, the only earning member in his family of four, faced a deep cut in his salary from July. While his expenses remained the same, this cut caused a huge dent.
While the virus affected all classes, the economic fallout of the COVID-19 pandemic was particularly devastating for those in the informal sector.
The Office for National Statistics said redundancies reached 370,000 in the August to October period, a record for a three-month period.
The practice of such appointments, for teaching pre and para-clinical subjects started in the 1950s when not many doctors were pursuing PG in non-clinical specialties.
The report, based on a survey, showed that 46 per cent respondents borrowed money primarily to run their households.
It is on top of 1,100 layoffs the company announced in August alongside the closure of tens of restaurants.
LinkedIn said in a statement its data also shows that professionals from Recreation & Travel, Retail, and Corporate Services are more likely to look for jobs outside their current industry.