Wednesday 8 April 2020

Covid-19 crisis may drag 400 mn Indian workers further into poverty: ILO

In India, with a share of almost 90% of people working in the informal economy, about 400 million workers in the informal economy are at risk of falling deeper into poverty during the crisis
coronavirus, lockdown,migrants, labourers
About 400 million workers in India, working in the informal economy, are at risk of falling deeper into poverty during the COVID-19 pandemic crisis. The International Labour Organisation (ILO) said in a report on Wednesday that the COVID-19 pandemic is affecting 2.7 billion workers globally due to lockdowns. COVID-19 is already affecting tens of millions of informal workers. In India, Nigeria and Brazil, the number of workers in the informal economy affected by the lockdown and other containment measures is substantial.
In India, nearly 90 per cent of the people work in the informal economy and about 400 million of these are at risk. ILO said rt said that particularly in low- and middle-income countries, hard-hit sectors have a high proportion of workers in informal employment and workers with limited access to health services and social protection. Without appropriate policy measures, workers face a high risk of falling into poverty and will experience greater challenges in regaining their livelihoods during the recovery period. ILO noted that the COVID-19 pandemic has further accelerated in terms of intensity and expanded its global reach. Full or partial lockdown measures are now affecting almost 2.7 billion workers, representing around 81 per cent of the world’s workforce.
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Employment contraction has already begun on a large (often unprecedented) scale in many countries. In the absence of other data, changes in working hours, which reflect both layoffs and other temporary reductions in working time, give a better picture about the dire reality of the current labour market situation.Using this approach, as of 1 April 2020, the ILO’s new global estimates indicate that working hours will decline by 6.7 per cent in the second quarter of 2020, which is equivalent to 195 million full-time workers…Read More

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