A Due to Covido pandemic, massive unemployment occurred in India in various
sectors Summarise the information in 100-120 words
Answers
Answer:
A lockdown to curb the spread of coronavirus has seen 122 million Indians lose their jobs in April alone, new data from a private research agency has shown.
India's unemployment rate is now at a record high of 27.1%, according to the Centre for Monitoring the Indian Economy (CMIE).
The new data shows India's unemployment figures are four times that of the US.
India doesn’t release official jobs data, but CMIE data is widely accepted.
The country has been in lockdown since 25 March to curb Covid-19 infections, causing mass layoffs and heavy job losses.
India currently has close to 50,000 reported infections.
Unemployment hit 23.5% in April, a sharp spike from 8.7% in March. This is attributed to the lockdown, which brought most economic activity - except essential services such as hospitals, pharmacies and food supplies - to a standstill.
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Scenes of desperate migrant workers, particularly daily-wage earners, fleeing cities on foot to return to their villages, filled TV screens and newspapers for most of April. Their informal jobs, which employ 90% of the population, were the first to be hit as construction stopped, and cities suspended public transport.
But protracted curfews and the continued closure of businesses - and the uncertainty of when the lockdown will end - hasn’t spared formal, permanent jobs either.
Large companies across various sectors - media, aviation, retail, hospitality, automobiles - have announced massive layoffs in recent weeks. And experts predict that many small and medium businesses are likely to shut shop altogether.
A closer look at CMIE’s data shows the devastating effect the lockdown has had on India's organised economy.
Of the 122 million who have lost their jobs, 91.3 millions were small traders and labourers. But a fairly significant number of salaried workers - 17.8 million - and self-employed people - 18.2 million - have also lost work.
Answer:
WHO is bringing the world’s scientists and global health professionals together to accelerate the research and development process, and develop new norms and standards to contain the spread of the coronavirus pandemic and help care for those affected.
The R&D Blueprint has been activated to accelerate diagnostics, vaccines and therapeutics for this novel coronavirus.
The solidarity of all countries will be essential to ensure equitable access to COVID-19 health products.
Global research database
WHO is gathering the latest international multilingual scientific findings and knowledge on COVID-19. The global literature cited in the WHO COVID-19 database is updated daily (Monday through Friday) from searches of bibliographic databases, hand searching, and the addition of other expert-referred scientific articles. This database represents a comprehensive multilingual source of current literature on the topic. While it may not be exhaustive, new research is added regularly.
The WHO evidence retrieval sub-group has begun collaboration with key partners to enrich the citations and build a more comprehensive database with inclusion of other content. The database is built by BIREME, the Specialized Center of PAHO/AMRO and part of the Regional Office’s Department of Evidence and Intelligence for Action in Health.