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by Dr.Gang Pathak
In 2022, there will be 130 million more entrepreneurs in India than in 2018, but 140 million.
In October 2022, there are 4.5 million fewer men and 96 million fewer women than January.
Youth unemployed will be hit hardest by these job market distortions in 2020.
The latest CEDA CMIE Bulletin Booklet was released last week by Asoka University’s Center for Economics.
Data and Analysis released data after analyzing the ‘impact of the Covid-19 pandemic’
people’s economic lives as seen in the 2021 and 2022 CEDA-CMIE bulletins.
In The Long Road to Recovery, authors Preetha Joseph and Raashika Moudgill say:
Employment was hit hard during the first months of the COVID-19 pandemic, but it is not yet back to pre-pandemic levels.
level. Women and young individuals (ages 15-39) have been hit hard by unemployment in the past.
3 years. Returning to pre-pandemic trends, the service sector now employs the largest share of India.
Labor force.Overall employment changes after the initial Covid-19 lockdowns were largely
Fluctuations in local employment during this period.
Even before the pandemic, women were less likely than men to be part of the formal workforce,
Employed at a higher rate when lockdowns were imposed.
Young people are being hit harder than older people. Approximately 20% as of October 2022
Compared to January 2020, employment numbers for the age group 15-39 decreased.
Employment in October 2022 is up for the age group (40-59), with an additional 25.
$1 million compared to January 2020.
Over the past three years, urban employment has remained relatively stable after a difficult first few months.
lockdown. Compared to January 2020, there are only 400,000 more individuals employed in India’s urban areas.
Rural India employs 15 million fewer individuals as of October 2022.
The agricultural sector has continued to increase individual employment since the initial lockdown,
slowed down last year. In 2019-20 and he in 2020-21, agricultural employment increased his 4%.
However, it will slow to 2.6% in 2021-22.
For example, the decline in rural employment in June 2022 was due to a decline in agricultural employment.
This coincided with a delay in the southwest monsoon that may have affected Caliphate seeding employment.upon
On the other hand, the decline in rural employment in October 2022 is
Employment in manufacturing, services and agriculture increased by more than 5 million.
Overall, real estate and construction sector employment appears to be back to pre-pandemic levels
2022 level. Manufacturing employment has recovered slowly and only partially.about 6 million less
As of October 2022, individuals employed in this sector will have:
2018 and 2019.
India’s largest employer, the services sector, currently employs around 147 million people.this sector too
We haven’t yet touched on the shrinking of jobs during the pandemic and the size of the workforce before the pandemic.internal
Among services, the wholesale and retail sector is showing significant growth.sector did not
It has shrunk significantly even in the year of the pandemic and now employs over 70 million people
59 million in 2018-19.
The financial services sector has also seen an increase in employment over the last few years.during the year
From 2021 to 2022, the number of people employed in this sector will increase by 16.1% compared to the previous year.
Information technology and information technology-enabled services (IT and ITeS) sector workforce
It also grew 11% between fiscal years 20-21 and 2021-22.
Hotels and tourism are big employers in the service sector and have not seen similar growth and have not yet reached the age of maturity.
Pandemic levels of the workforce.Within the sector, travel and
Especially in the tourism sector, the workforce has been shrinking in recent years. Other sectors within the service are
We also need to go back to hiring similar numbers as before Covid-19.
Small businesses and wage earners continue to make up the largest share of employed workers.But
The share remains lower than in the pre-pandemic period, at around 27% of employed workers.
42% in 2016 and 32% in 2019.
Overall, the number of farmers and entrepreneurs has trended upwards around 2019.
Pandemic. The increase in the number of entrepreneurs is very significant, and he is growing by 13 million.
Number of entrepreneurs in 2022 compared to 2018.
Traders/wage workers were trending downward before the pandemic and have not recovered to previous levels.
2022.
Household income, wages, spending and savings – all have been hit hard during the pandemic.City
Household income has declined significantly more than rural income. By June 2022, income will be
At the beginning of 2020, urban areas in India have yet to exceed these levels. By October 2022, voucher funds, life insurance,
Provident funds have become the most popular method of saving. By June 2022, the average monthly salary was just Rs
4,015 (urban Rs 5,439 and rural Rs 3,350).
Ashwini Deshpande, Professor of Economics and Director of Economic Center, Ashoka University
Mahesh Vyas, Managing Director and CEO, Data and Analytics (CEDA) and Center
Monitoring India Economy (CMIE) offers a clearer view in this compilation, showing how the economy has grown.
Personal and family life has changed significantly in the last three years of the pandemic.
This edit highlights how some of the problems that COVID-19 exacerbated existed before it.
Pandemic. “I fear that the problem will continue to plague us unless we develop appropriate policies.
I will respond,” said the author. “The two big questions he still wants to answer are, how do we do better?
How do we deal with the income shocks that large segments of society are experiencing?”
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