After minor job losses in February and March, India’s second pandemic wave crashed across the labour market in April, erasing at least 7.35 million jobs.
Data from the Centre for Monitoring Indian Economy (CMIE) showed that the number of employees, both salaried and non-salaried, fell from 398.14 million in March to 390.79 million in April, in the third straight month of falling jobs. In January, the number of people employed in India was 400.7 million, CMIE data showed.
The job losses come in a month of exploding covid cases, leading to business and mobility curbs across many parts of the country.
April also saw a fall in the employment rate and labour force participation rate, and a…