Officials say that while the government is more prepared than last year, the second wave is worse than anticipated.
Workers under 25 accounted for more than half the decline, with the number of young people on company payrolls dropping by 436,000 over the past year.
China’s economic growth surged to 18.3% over a year earlier in the first quarter of this year as factory and consumer activity recovered from the coronavirus pandemic.
The forecast of India's growth rate for 2021 is noted to be higher than any other major economy in the world including US which is calculated to be 5.5 per cent.
As economy recovers, survey shows 59 per cent firms in India intend to give salary increments in 2021
The study found that the southern market will lead in terms of new job opportunities with 37 per cent hiring, followed by the western zone with 33 per cent.
As per official estimates, the Indian economy contracted 8 per cent in 2020-21 fiscal year, which ended on March 31, 2021.
Policymakers had expected positive GDP growth in January-March to restrict the annual FY21 contraction to 7.5-8 per cent.
Pakistan PM Imran Khan said that it showed that the love and commitment of overseas Pakistanis with the country was unparalleled.
Ahead of G20 talks, India denounces attempts to link climate issues to economic recovery amid pandemic
The US administration has been pushing for a strong climate agenda as part of the process of recovery from the pandemic.
Many economists have pointed out in the past that among the effects of globalisation were jobless growth as manufacturing and supply chains shifted and became more automated.
For the LDF, the denial of the ticket to T M Thomas Isaac, the finance minister in the outgoing Left government, means a new face will hold the office if the front returns to power.
"A way out of this health and economic crisis is increasingly visible,'' IMF chief economist Gita Gopinath told reporters.
The death rates are mercifully lower, it said, explaining that the 478 fatalities recorded on Monday were 42 per cent lower than what was observed when the daily cases were at the peak of 97,000.
A further surge in global commodity prices may hit consumption and have serious implications for India’s economy which is still struggling to come out of the Covid-19 impact.
Some of Valentina Konstantinova's nonpaying guests were originally from India, and she decided to tap their expertise to add a restaurant serving authentic Indian cuisine.