Over 1.8 crore salaried jobs lost since April in India « Khabarhub
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Over 1.8 crore salaried jobs lost since April in India

19 August 2020  

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NEW DELHI: Around 50 lakh salaried jobs were lost in India in July, a latest data released by the Centre for Monitoring Indian Economy (CMIE) said.

According to the report, over 1.8 crore salaried employees lost their jobs after the COVID-19 pandemic forced firms and businesses were forced to shut down in the country since April.

The report said that around 21 per cent of the employment in India is in the form of salaried employment.

It said that salaried jobs contribute more to India’s GDP than employment in the informal sector.

The plight of salaried employees has worsened since the lockdown began in India, according to the CMIE data.

(With inputs from Agencies)

Publish Date : 19 August 2020 20:06 PM

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