Topic: Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources.
4. The barb in COVID cases and the following lockdowns has led to Job losses and created an unemployment Crisis. Explain with examples the initiatives taken by the Governments to recompense wage losses and support livelihood. (250 words)
Reference: The Hindu
Why the question:
The second wave of COVID-19 pandemic and the localized lockdowns across several States, have resulted in restrictions on movement of people and goods and thus has led to restrained economic activity in India. Thus the question.
Key Demand of the question:
Account for the job crisis the country is facing owing to pandemic, Explain with examples the initiatives taken by the Governments to recompense wage losses and support livelihood.
Explain – Clarify the topic by giving a detailed account as to how and why it occurred, or what is the particular context. You must be defining key terms where ever appropriate, and substantiate with relevant associated facts.
Structure of the answer:
Explain first how the restrained economic activity has resulted in large scale job losses in India.
According to the Centre for Monitoring Indian Economy (CMIE), the unemployment rate has shot up to 8% in April 2021 as several States started imposing lockdowns. The month of May has seen the rates rise further.
There have been a mammoth 73.5 lakh job losses in April alone. There has been a steady fall in the number of employees (both salaried and non-salaried) for the third straight month.
This is a clear indication that the jobs scenario is weakening.
Discuss the economic consequences of rising unemployment. Explain with examples the initiatives taken by the Governments to recompense wage losses and support livelihood.
Conclude with way forward.