RISE OF UNEMPLOYMENT: STIMULUS OF COVID-19

Dr. Namrataa Kapoor Dr. Manish Dubey

Abstract


Abstract:- Covid-19 has tremendously affected the entire globe. In India where more than 120 million workers are small traders and daily wage earners, lost jobs in April as pandemic forced a nationwide lockdown. The phase of Indian economy was already going unfavorable before covid-19 and the sudden shock of such pandemic resulted in prolonged country wide lockdown and global economic downturn. This pandemic stemmed disruption of demand & supply chains, fall in consumption, stress on banking & financial sector, and there by the entire economy slowdown with severe health crisis. Although the magnitude of this crisis on economic condition will depend upon the duration of the lockdown. This research paper is descriptive & conceptual, in which an attempt is made to bring to the fore discussions on the employment scenario and household income in the pre-lockdown and post-lockdown periods, with a motivation to spell out the probable consequences on the Indian economy.

Keywords:- Covid-19, Unemployment & Household Income.


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References


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