Revista de la Academia de Estudios de Marketing

1528-2678

Abstracto

A Study on Impact of COVID-19 on Unemployment in India

Tamanna Gupta, Rool Lal Sharma and Ajay Kumar Sharma

Unemployment is an earnest quandary which is being experienced by most of the countries throughout the globe. Unemployment is like a camelopard which is more facile to make out than to describe. The crisis of unemployment has been in esse for a long time. Nevertheless, in the developed nations it was experienced in its astringent form at the time of the great melancholy (1930's) while in the developing nations it was after the Second World War (1945). The past few years, there has been a slowdown in the magnification of employment in India despite the boost in the economic sector. At the same time due to this COVID-19 pandemic lockdown, there had been a devastating effect on the unemployment rate in India as most of the private companies have fired their employees. The main sufferers of this lockdown are the informal sector employees as the majority of them commenced losing jobs since construction works were closed. With no capital, thousands of people deserted cities, marching to their homelands for several hundreds of miles away in the absence of regime conveyance, which showed their intensity of anguish. This paper aims to delineate the impact of COVID-19 on unemployment in our study area. For analyzing this research we mostly relied on secondary data accumulated through books, journals, newspapers, authentic internet sources, etc. The outcome of this research will be auxiliary for academicians, researchers, and policymakers in cognate studies.

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