Pandemic Pulls Down Incomes And Consumer Confidence
Improvements in the Labour Force Participation Rate and Employment Rate have been observed after the COVID second wave subsided, but job quality has gone down as well. In fact, the salaried section has suffered due to the successive pandemic waves, and they have not been able to fully emerge from them as yet. There has been no significant improvement in the job quality of this group which has also been hit by severe unemployment since the first lockdown itself.
The Labour Force Participation Rate and Employment Rate have been improved after the second wave of the pandemic largely because of daily wage and farm labourers. English newspaper The Hindu published a report based on CMIE, RBI, and MOSPI findings which stated that conditions have not improved much following the surge.