It can't be denied that the Novel Coronavirus pandemic has affected all aspects of life including livelihood. Last year, when India entered into a total Covid induced lockdown, many companies suffered huge losses, lead to massive layoffs and pay cuts.
As per the All-India Quarterly Establishment-based Employment Survey conducted by the centre, between March 25th and June 30, 2020, at least 27% of establishments have had to layoff their employees,.
The survey report also highlighted that at least 19% of employees in nine non-farm sectors, did not receive full salary. On the other side, the report showed that the overall rate of employment in the country has increased by 29% over the last six years. As per the report, among the sectors that have fared well are IT/BPO, health, transport, financial services, construction, education, and manufacturing.
The IT and BPO sector saw the most impressive growth of 152%, while the Health and Education sectors recorded 77 and 39 per cent increase, respectively. Meanwhile, the report suggested that the proportion of female workers also witnessed a declining trend, as it went down from 31% to 29%. However, after facing all the Covid-induced challenges, the job market in India has started booming again.
The growth in jobs market is predominantly driven by the IT sector with big companies like TCS, Infosys, Wipro, and HCL Technologies ramping up hiring vigorously. as it went down from 31% to 29%. However, after facing all the Covid-induced challenges, the job market in India has started booming again.
The growth in jobs market is predominantly driven by the IT sector with big companies like TCS, Infosys, Wipro, and HCL Technologies ramping up hiring vigorously. as it went down from 31% to 29%.
However, after facing all the Covid-induced challenges, the job market in India has started booming again. The growth in jobs market is predominantly driven by the IT sector with big companies like TCS, Infosys, Wipro, and HCL Technologies ramping up hiring vigorously.
Video Editor: Surendra Pradhan
Producer: Diptyranjita Patra