Covid Impact, Part II - To Jobs & Income
It is one week since India proclaimed a lockdown on 24th March 2020. Tens of thousands of people started moving back to their hometowns. Those fortunate ones that could afford to work from home (wfh) settled back in their homes, while those that could not wfh stare at loss of income(s). Worse off are crores of low-income migrant workers across the nation, with a gloom future due to loss of job, income & livelihood - they are still walking 100s of kilometers back to their homes, also facing a lethal threat of contracting the viral infection. This blog aggregates data from several news sources to present a snapshot of where the nation is heading in terms of jobs & income! India's Workforce - The big picture With a population of 137 crores, India's workforce stands close to 50 crores. Of this, 20 crore people work in farms/agri related primary sector and 26 crore people work in non-farm sector. And at any point in time, about 3-4 crore people are unemployed as they ...