The condition of industries in the country is suffering due to the corona virus epidemic. Almost all of India’s business activities are at a standstill. Because of this, there has been a crisis on the jobs of millions of people. At the same time, there are a fear of cuts in staff and non-appraisal staff. According to a recent survey, currently one in every Five Indians has a fear of losing their jobs.
20 percent fear of losing jobs in Indian
According to a survey counducted by Internet-based market research and data analytics firm YouGov, Corona virus can have a profound impact on the economy. Due to the current situation, there is a fear of losing jobs in most people. According to a survey conducted by YouGov, 20 percent of Indians are afraid of losing their jobs. 16 percent are people who are afraid of salary cuts. At the same time, Eight percent Indians are afraid of not getting bonuses and increments. Let us tell you that many reports have already said that millions of jobs are at stake in India due to Kovid-19 epidemic. The urban unemployment rate has increased to 30.9 percent. Overall, the unemployment rate has risen by 23.4 percent more than before.
The survey is based on questions asked by 1,000, people
The survey is based on questions asked by YouGov between April 7-10 to about 1,000 people. The survey also revealed that about 47 percent of the people started exercising at home to keep themselves fit. There are 46 percents of people who are spending time on video calls with friends and family.
Confederation of Indian Industry Report
The Confederation of Indian Industry (CII) has predicted many people losing their jobs in a survey. According to the online survey, ‘CII CEO Snap Poll’ conducted among the nearly 200 CEOs of CII, the decline in demand has resulted in the loss of the most companies. It is expected to leave jobs. According to the survey, “Most companies are expected to lose more than 10 percent of their earnings during the current quarter (April-June) and the previous quarter (January-March) and this could cause their profit to fall by more than five percent in both quarters.” . According to the survey, 47% of companies are likely to get less than 15% of jobs after the lockdown ends. At the same time, the rate of leaving jobs in 32, percent companies will be 15 to 30 percent.
The biggest impact on the tourism industry
Due to the epidemic, the country’s tourism industry will be affected the most. The industry is in danger of loss of Rs Five lakh crore and loss of employment of 4-5 crore people. The organized sector of the industry, which includes branded hotels, operators, and travel agencies, may suffer the biggest loss of Rs 1.58 lakh crore. The Confederation of Indian Industry (CII) has made this estimate. According to the report, hotel groups are expected to suffer losses of Rs 1.10 lakh crore. Online travel agencies are estimated to incur a loss of Four thousand 312 crores, tour operators 25 thousand crores, adventure tour operators 19 thousand crores and cruise tourism 419 crores.
International Labor Organization Report
According to the recently released International Labor Organization (ILO) report, Kovid-19 could affect 40 crore people working in the unorganized sector in India. According to the organization, 6.7 percent of working hours are expected to end in the second quarter of 2020 (April-June) due to the Corona crisis. This means that 19.5 crore full-time jobs could end in the second quarter alone due to the corona virus epidemic. According to the report, the Kovid-19 pandemic will have the greatest impact on food service, manufacturing, hospitality, retail, business and its associated administrative activities.
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