Key to India’s growth story

India is relatively a younger nation compared to its neighbours. Every year around 28 million youth gets added to India’s workforce. As per an assessment conducted by the National Sample Survey Office, India’s unemployment rate was at a forty-five year high of 6.1% in the year 2018. The country was already reeling under economic slowdown when the COVID pandemic hit. The pandemic has completely disrupted the economic landscape of the nation. As per Centre for Monitoring Indian Economy (CMIE), a staggering 121.5 million job losses were reported in the first month of the lockdown in April 2020. Although this loss has narrowed down to 100.3 million in May 2020 to 29.9 million in June 2020 and now to just 11 million in July 2020, it is still a harrowing situation. We are living in unprecedented times when industries and trade are fighting a battle to stay afloat and survive the

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India’s Gen Z Risks Getting Left Out of Formal Jobs, Study Says

(Bloomberg) — India has been struggling with an unemployment problem and the coronavirus pandemic is making it even more difficult for its youngest workers to earn a decent living, shows an analysis by the London School of Economics.



a river running through a city: A pedestrian wearing a face mask crosses an empty road near the Chhatrapati Shivaji Maharaj Terminus (CSMT) during a lockdown imposed due to the coronavirus in Mumbai, India, on Monday, June 1, 2020. Despite a strict two-month-long lockdown, the outbreak in India’s financial capital has snowballed, with the city now accounting for nearly a quarter of India’s more than 4,700 deaths and more a fifth of India’s over 165,000 infections.


© Bloomberg
A pedestrian wearing a face mask crosses an empty road near the Chhatrapati Shivaji Maharaj Terminus (CSMT) during a lockdown imposed due to the coronavirus in Mumbai, India, on Monday, June 1, 2020. Despite a strict two-month-long lockdown, the outbreak in India’s financial capital has snowballed, with the city now accounting for nearly a quarter of India’s more than 4,700 deaths and more a fifth of India’s over 165,000 infections.

Workers in cities in the age group of 18 to 25 years were already much less likely to be in formal jobs and more likely to be employed informally and paid less, wrote Shania Bhalotia, Swati Dhingra and Fjolla Kondirolli,

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Apple alum’s jobs app for India’s workers secures $8 million

Javed, a middle-aged man, worked as a driver before losing that job earlier this year as coronavirus spread across India, prompting New Delhi to enforce a nationwide lockdown and temporarily curb several business activities.

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There are millions of people like Javed in India today who have lost their livelihood in recent months. They are low-skilled workers and are currently struggling to secure another job.

An Apple alum thinks he can help. Through his app startup Apna, Nirmit Parikh is helping India’s workers learn new skills, connect with one another, and find jobs.

Parikh’s app is already changing lives. Javed, who could barely speak a few words in English before, recently posted a video on Apna app where he talked about his new job — processing raisins — in English.

In less than one year of its existence, Apna app — available on Android — has amassed over 1.2

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