: Podcast: How has Indiaâ€™s lockdown impacted unemployment rates and income levels? #IndiaNEWS As Indiaâ€™s lockdown to contain Covid-19 brings the economy to a grinding halt and businesses shut down,

Podcast: How has Indiaâ€™s lockdown impacted unemployment rates and income levels? #IndiaNEWS
As Indiaâ€™s lockdown to contain Covid-19 brings the economy to a grinding halt and businesses shut down, the latest episode of the Centre for Policy Researchâ€™s podcast looks at its impact on the unemployment rate, labour force participation, and the overall income of individuals and businesses.The economy was still recovering from the shocks of demonetisation and Goods and Services Tax, and the lockdown has accentuated concerns around labour force participation and income levels, which have dropped staggeringly. While framing its post-lockdown strategy, what must the government do to ensure that households across the country have enough to meet basic requirements?In the sixth episode in the series on the coronavirus pandemic, Yamini Aiyar, President and Chief Executive of the Delhi-based think tank, speaks with Mahesh Vyas, Managing Director and Chief Executive Officer of the Centre for Monitoring the Indian Economy. Sharing findings from the centreâ€™s regular household surveys, Vyas points out that unemployment rate shot up to 23%-24% from 7%-8%, labour force participation rate dropped to 35.5% from 43%, and over 45% households reported a reduction in income compared to a year ago. He recommends better communication from local governments to build confidence among workers and direct income transfers, equivalent to at least two...Read more

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