CMIE report on Job Loss in India due to COVID-19.
                     CMIE REPORT ON JOB LOSS 
IN INDIA DUE TO COVID-19
INTRODUCTION
• CMIE, Centre for Monitoring Indian Economy, is a leading 
business information company. The data related to 
unemployment rate in the country was released by CMIE.
Source: The Indian Express
IMPACT OF LOCKDOWN
• Several companies across sectors have taken to job cuts, 
along with salary reductions and leave without pay since the 
announcement of lockdown.
Source: The Logical India
COMPARISION
• The loss of around 5 million jobs in July comes after around 
3.9 million jobs were gained in June, as per the data.
• In April, 17.7 million salaried jobs were lost, followed by 
100,000 job losses of salaried employees in May.
Source: Hindustan Times
SALARIED JOBS
• Salaried jobs are not lost easily, once lost, they are also far 
more difficult to retrieve. 
• Therefore, their ballooning numbers are a source of worry.
Source: The Indian Express
DAILY WAGE EARNERS
• The latest CMIE data showed that around 6.8 million daily 
wage earners lost their jobs during this period. 
• However, around 14.9 million people took to farming during 
this period.
Source: Asian Review
UNLOCK IMPACT 
• Salaried jobs have taken the biggest sustained hit in the 
current Covid-19 induced lockdown.
• Salaried jobs were estimated at 86.1 million in 2019-20. This 
fell to 68.4 million in April 2020.
Source: Roya News
GOVERNMENT SUPPORT
• Industry bodies and several economists have called for 
government support to industry to avoid mass job losses.
• Government support is needed for the companies to survive 
the onslaught of the pandemic.
Source: Zee Business
IMPACT OF COVID 19
• The corona virus infected over 2.7 million people in the 
country, hitting the economic activity.
• The increasing cases of corona virus has impacted world 
economy very badly.
Source: Zee News
WAGE BILL
• The CMIE earlier estimated:
– Banks saw a 16.6 per cent increase in their wage bill 
– Securities broking companies saw a 13.5 per cent 
increase in their wage bill.
– Manufacturing companies saw a 7 per cent fall in their 
wage bill.
Source: Business Standard
RECOVERY OF JOBS
• The situation has worsened for the relatively better jobs, i.e. 
salaried jobs. 
• While jobs have recovered, this recovery has left out 
healthier, salaried jobs.
Source: The Indian Express