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Corona’s havoc! 41 lakh youths in the country lost their jobs, ILO-ADB report revealed

 

Covid-19 Pandemic and Job Loss in India: Due to the COVID-19 epidemic in the country, 41 lakh youths have lost their jobs. Employees working in construction and agriculture were the most affected. This has been said in a joint report by the International Labor Organization (ILO) and the Asian Development Bank (ADB). The ILO-ADB report released on Tuesday titled “Dealing with the COVID-19 Youth Employment Crisis in Asia and the Pacific” says, “India is expected to generate 41 lakh youth jobs.” Of the seven major sectors, the maximum number of jobs have gone to construction and agriculture.

The report said that due to the COVID-19 epidemic, the employment prospects for the youth have also suffered a setback. Due to the crisis, the youth of 15 to 24 years will be affected more than those of 25 and older people. Not only this, according to the economic and social costs, the risk is long-term and widespread.

The ILO-ADB report is based on a regional assessment of the ‘Global Survey on Youth and COVID-19’. The estimate is based on the available unemployment figures in various countries. It said that during the epidemic in India, two-thirds of the training at the company level was affected. At the same time, three fourth ‘internships’ have been completely disrupted.

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Big steps to be taken for 66 crore youth

The report called on governments to take immediate, large-scale targeted steps to create jobs for youth, put education and training programs on track, and reduce frustration over the future of the 66 crore youth population. Even before the COVID-19 crisis, youth in Asia and the Pacific had challenges regarding employment. Due to this unemployment rate was high and large number of youth were out of school and work.

The regional youth unemployment rate in the year 2019 was 13.8 percent. At the same time it was 3 percent among adults (25 years and older). More than 16 crore youth (24 per cent of the population) were neither in employment nor in education or training.

‘Lockdown generation’ is in danger of being prepared

According to the report, four out of every five young workers in the area are in the unorganized sector and one in four young workers is forced to live in poverty. Sarah Alder, the lead author of the report and head of the ILO Regional Economic and Social Analysis Unit, said, “The challenges for the youth have increased since the COVID-19 crisis. If this attention is not given enough, there is a danger of a ‘lockdown generation’ being prepared, which may have to bear the burden of this crisis for many years. ‘

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Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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