6.6 mn white collar professional jobs lost during May-August: CMIE
印度经济检测中心：5 - 8月期间，印度减少了660万个白领岗位
An estimated 6.6 million white collar professional jobs, including engineers, physicians, teachers, were lost between May and August, bringing their employment to the lowest level since 2016 and wiping out the gains made over the last four years while five million industrial workers were out of work during the period, the Centre for Monitoring Indian Economy (CMIE) said.
According to CMIE weekly analysis based on the data from the 20th wave of CMIE’s Consumer Pyramids Household Survey released every four month, the biggest loss of jobs among salaried employees was of white-collar professional employees and other employees.
These include software engineers, physicians, teachers, accountants, analysts and the type, who are professionally qualified and are employed in some private or go nment organisation. This, however, does not include qualified self-employed professional entrepreneurs’.
“From a peak of 18.8 million white collar workers employed in the country during May-August 2019, their employment fell down to 12.2 million in the May-August 2020. This is the lowest employment of these professionals since 2016,” CMIE said, adding all the gains made in their employment over the past -four years were washed away during the lockdown.
According to CMIE, the next biggest loss was among industrial workers. “By a similar year-on-year comparison, they lost five million employees. This translates into a 26% fall in employment among industrial workers over a year,” it said. .
“However, the decline in employment of industrial workers is likely to be largely in the smaller industrial units. “This reflects the distress in the medium, small and micro industrial units in recent times,” CMIE analysis shows.
The lockdown, however, did not impact white collar clerical employees which largely includes desk-work employees ranging from secretaries and office clerks to BPO/KPO workers, data-entry operators and the types.
“Possibly, their work shifted to the work-from-home mode,” it said. CMIE daya shows this category of workers has not been seeing any growth since 2016. “In fact, it has slid quite sharply since 2018 from about 15 million to less than 12 million by 2020. Interestingly, it did not slide any further during the lockdown,” it added.
CMIE had earlier estimated that 121 million jobs were lost in April but most of it recovered by August, but with continued deteriorating conditions of salaried jobs.
译文来源：三泰虎 http://www.santaihu.com/p/50846.html 译者：Jessica.Wu
Be it highest unemployment, Negative GDP, rural distress, Agrarian crisis, water harvesting and totally devastated economy ; Modi has failed miserably in resolving these issues , for the good of the nation he should quit
I T IS BOOMING, HIGHEST GROWTH RATE
We are heading to disaster under this Government. Now our country lost all potential. Wonder if this party ruled for 70 years after independence then imagine the situation.
This only reflects failure of the Government and the greed of the employers to save money at the cost of humanity.
Oh no worry, We have an Old gentle man Mr Minister named Mr Mo** he will soon make India a Japan full of bullet trains and why work?
Hey Hey Hey... FEKUCHAND is living up to his promise of ATMANIRBHAR as job seekers and laid offs of this nation are left to fend off on their own.
US has been printing trillions of money since the outbreak of pandemic and that dollars landed in Indian stock markets. beware prepare for the worst. only a wise man take good decision at the right place right time.
Under the garb of Covid-19, all major corporations silently implemented job automation, creating large scale redundancies across sectors
Job loss, start selling pakodas and chai
Government should act dynamic and bring in stimulus and reforms to create demand.
This is the new era of de acy called populist de acy whose only concern on populist issues other than real issues.
Job losses have started long ago, when MSMEs were struggling now almost dead, Covid19 situations have worsened the scenario further debilitating the so called reforms imposed by Niti Aayog's intellectuals. Various promises related to economic package were hollow and meagre that didn't reflect the true sensitivities of the go nment but were lip service that achieved applause from bhaktaganas.
Blame Neharu and Gandhi’s and Congress.
The Current Govt lacks spirit for Economics Reforms and execution. I get disappointed with the policies and their practice.
Hari Krishna Johri
Economy doesn't seem to be a cup of tea for this govt.
They are preoccupied with their own agenda which public can easily notice.
Snrj Investment Academy
Rich become more Rich and middle class and poor struggle .That is the ultimate reality after each economic crisis
POST CORONA AMBANI HAS CLIMBED WORLDS RICHEST.AMBANIS MONOPOLY IS KILLING EVERY SECTOR AND CAUSING HUGE ECONOMIC LOSS & EMPLOYMENT. HOW MANY TELECOM COMPANIES HAD SHUT DOWN AFTER JIO LAUNCH AND THE JOB LOST WAS NEVER REPLACED..JAI HO BJP AMBANI PARTNERSHIP