136 MILLION Indian Jobs Are In Danger Zone

136 Million Jobs Are In"Danger Zone"

A Downpour of  Unemployment is going to hit India due to Economic Crisis.  There will be a  massive job losses in Indian non agricultural sector  due to the effect of  corona outbreak.

The  Outbreak of Corona virus has disrupted the job market as the nation goes into a complete lock down for 21 days and the current condition of pandemic may leads to the extension of this lock down period. 

According to estimate based on National sample survey(NSS) and periodic Labour Force     Surveys(PLFS) data,about 136 million Indian non-agricultural jobs are at Risk ,this worst  case scenario is for the Employees who don't  have a regular salary, people without a written contract.

The Statistics :-

India’s labour force is  495 million. In 2017-18, about 30 million were unemployed, which implies that 465 million are currently employed. The most vulnerable among these are those that don’t have the security of employment; those without any social protection. They are often bracketed as informal workers. The number of informal workers totals 217 million across services, manufacturing and non manufacturing sectors.

The coronavirus situation will only exacerbate unemployment. The covid-19 epidemic comes at a difficult demographic time for India and would only exacerbate a looming jobs crisis. India needs to create nearly 10 million jobs every year to absorb people moving into the working-age population, besides those that are already unemployed. About nine million jobs can be reduced across the manufacturing clusters of textiles, capital goods, cement, food products, metals, 

plastics, rubber and electronics. 

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No Paper Work:-

Those who work in non-registered nano business, registered small companies and the informal sectors including self employed and casual labours does not have a written contractual paper work so then can be fired without any notice or severance. Mostly daily wage labourers and daily daily earners will suffer in this time.

 ➤ 49 million in non-manufacturing sector.

 ➤ 59 million in services.

 ➤ 28 million jobs in manufacturing does not have any contract based paper work .

Automobiles:-

Manpower cuts in the automotive industry started last quarter owing to falling sales. The industry can lose up to a million jobs in the dealer ecosystem, front-line roles, and the semi-skilled workers.

Textiles:-

Textiles and apparel employs nearly 18 million Falling demand now puts many jobs at risk which is a huge number that leads to a huge unemployment.

Construction:-

Many of the informal workers  work in construction. 

Employment in real estate construction will be impacted because housing launches and sales are headed south given that lower economic growth is now a certainty.

Services:-

India’s largest employer by far is services.
As of 2018, 31 % of India’s employed population is working in the services sector. The services sector is not only the dominant sector in India’s GDP, but has also attracted significant foreign investment flows, contributed significantly to exports as well as provided large-scale employment.
India’s services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction.
Overall 136 million:-

Santosh Mehrotra, a human development economist and professor at the Centre for Informal Sector and Labour Studies in Jawaharlal Nehru University, pegs India’s labour force at 495 million. In 2017-18, about 30 million were unemployed, which implies that 465 million are currently employed.

Who among the already employed are the most vulnerable? The easy answer is those that don’t have the security of employment; those without any social protection. They are often bracketed as “informal" workers.

In a paper Mehrotra co-authored with Jajati K. Parida of the department of economic studies, Central University Punjab (India’s Employment Crisis: Rising Education Levels And Falling Non-agricultural Job Growth), the share of the informal sector was pegged at 90.7% overall and 83.5% in the non-farm sectors. Most estimates in the paper are based on NSS and PLFS data. Since there are 260 million people employed in India’s non-farm sector (agriculture employs another 205 million), the number of informal workers totals about 217 million across services, manufacturing and non manufacturing sectors.

One shade of precarious employment among the informal cohort are those that have no written jobs contract. Numbers pieced together from the Mehrotra paper suggests that about 28 million have no written jobs contracts in manufacturing; 49 million in non-manufacturing; and 59 million in services in 2017-18. Overall, about 136 million workers in India, or over half the total workers employed in non-agricultural sectors, have no contracts and remain the most vulnerable in the aftermath of the corona outbreak.

They can be fired without notice or severance. Most daily-wage earners or casual labourers fall in this bracket. Their pain is seen in Twitter and television feeds—videos of hundreds of migrant workers walking back to their villages are doing the rounds. Many of them work in construction. Employment in real estate construction, for example, is impacted because housing launches and sales are headed south given that lower economic growth is now a certainty.

More knowledge about this topic:- follow the below links:-

https://www.livemint.com/news/india/136-million-jobs-at-risk-in-post-corona-india-11585584169192.html

https://www.businessinsider.in/careers/news/over-136-million-jobs-are-at-risk-due-to-corona-lockdown-here-are-the-worst-hit-sectors/articleshow/74941658.cms

https://www.youtube.com/watch?v=XmUcKSYHhe8

Tourism:-

 In the tourism industry, this category includes people who either work on short-term contracts or even without them. This includes guides, employees of parking contractors, cleaners working in shops, waiters in restaurants, suppliers of vegetables, meat and flowers to the hotels among others. Industry body CII said that more than half of the tourism and hospitality industry can go with a possible loss of over 20 million jobs if recovery in the industry stretches beyond October 2020.

Future after COVID 19:-

The implications of this crisis will be dire. 

We will inevitably have less fiscal space to make much-needed investments in, for example, education, skills, preventative healthcare, and infrastructure.

This will not just prevent us from moving forward but will set us back.