Consumer sentiments shot up by 6.7% in the week ended March 26, 2023, which is exceptionally high, and comes on the back of its surge in rural India, the Centre for Monitoring Indian Economy said. According to CMIE, the Index of Consumer Sentiments (ICS) usually moves by a little less than 1% in a week. … Read more
Total number of employed in India could breach the pre-Covid levels in October as consolidation in employment rates in the month so far could lead to marginal expansion in overall employment creation this month, forecast the Centre for Monitoring Indian Economy. India added 8.5 million jobs in September taking the total number of employed to … Read more
Of the 22.7 million jobs lost during the second wave of the pandemic, nearly 7.8 million have recovered in June after economic activity started picking up, taking the total employment in the country to 383 million last month, the Centre for Monitoring Indian Economy said. “While the improvement in employment in June and in particular … Read more
The unemployment rate shot up to 14.5% in the week ended May 16, 2021, the highest in the last one year, compared to 8% in April, the Centre for Monitoring Indian Economy said. The unemployment rate had stood at over 23% in April and May 2020 during the nationwide lockdown. “April 2021 had seen an … Read more
The raging second wave of Covid-19 has resulted in a 3.8% dip in the index of consumer sentiment in April, the sharpest fall since May 2020, said the Centre for Monitoring Indian Economy. Week-on-week the decline in the consumer sentiment index has been steeper with the index falling by 5.4% in the week ended May … Read more
The unemployment rate in India has shot up in the first two weeks of April and the monthly unemployment rate is likely to be close to 8% compared to 6.5% in March with lower absorption of labour in the market, says the Centre for Monitoring Indian Economy. As per CMIE data, unemployment rates in India … Read more
Higher income households, with higher savings and better sentiments, will drive the revival in consumer spending in India, the Centre for Monitoring Indian Economy said. “India’s revival in consumer spending is likely to be driven by households that earn more than a million rupees a year when the lockdown is lifted,” CMIE said in its … Read more
Losses in salaried jobs are difficult to recover. These are not like informal jobs, or even like gigs. Synopsis While salaried jobs have taken the biggest hit during the lockdown, it is not that this form of employment is more vulnerable compared to other forms. By Mahesh VyasThe impact of the lockdown on employment has … Read more
Communications professional Mohita Bahadur; and Delhi-based media professional Samapti Das For the past one year, Delhi-based politician-cum-entrepreneur Harish Khurana had been busy running a 1,000-sq-feet casual dining restaurant. In March, he was taking trials to launch a brand new 200-sq-feet outlet called Hashtag Pizza in Ambience Mall, Gurugram. But just two weeks later, the lockdown … Read more