‘Mind boggling’ 122 million jobs lost in India, says think tank
Tuesday, May 5, 2020 | Tag Cloud Tags: Economy, India, News, PLO, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – The world’s biggest lockdown forced 122 million people out of jobs in India last month, according to estimates from a leading private sector think tank.
Employment plunged in April after the government imposed a 40-day lockdown in a nation of 1.3 billion people, forcing businesses to shut and pushing up the jobless rate to 27.1% in the week ended May 3, surveys by the Center for Monitoring Indian Economy showed. [ Source: Bloomberg (Read More…) ]
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