Worse, rural India is yet to restore the millions of jobs lost during the pandemic. On a net basis, rural employment is even now 8.3 million less than it was before pandemic, according to a study by Kotak Institutional Equities. The services industry itself is yet to regenerate 7.9 million of the jobs lost during the pandemic.
Reflecting the bleak jobs scenario in the rural sector, households demanding work under the rural employment guarantee scheme continue to be above the October 2019 (pre-pandemic) level. Of course, in recent months, fewer people have sought these subsistence jobs.
This story is from the November 24, 2022 edition of Financial Express Mumbai.
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This story is from the November 24, 2022 edition of Financial Express Mumbai.
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