Rural India has erased gains made since October when the coronavirus infection had begun to decline to record 2.84 million job losses in April for the salaried class alone. This shows how the second wave of the pandemic has unleashed its wrath on the rural jobs market. “The magnitude of the problem in rural India is huge, but policy response to it has been very low. What we are not realizing is that the coronavirus in 2021 is much more severe in rural India." “People drive consumption and if they don’t have jobs, and more so in rural India, then that rural consumption cushion we enjoyed last year may not be there.

Source: Mint May 04, 2021 20:17 UTC