The world has come to a still due to the coronavirus. Almost every country has suffered great losses in terms of people, economics, etc. Although lockdown has been imposed, the countries couldn’t stop these losses.
India has acted promptly in the initial stages of the coronavirus and has implemented lockdown in a timely manner. The world has witnessed one of the strict lockdown implemented by any country. This has led to shut down all the economic activities from March 2020. Since then the lockdown has been partially being lifted. Most of the companies had to fire some of their employees in order to survive this.
CMIE(Center for Monitoring Indian Economy) has issued a report saying that the average number of employed persons between March 2019 and March 2020. In March 2019, before corona, the data is around 403 million. This year the numbers have fallen. The data is around 283 million which is around a 30% drop compared to the previous year
Several experts and analysts feel that women are subjected to lost jobs more compared to men in this period. A study by Citi Bank has estimated that 220 million of women across the world work in sectors that are vulnerable to layoffs. Of these 31 million women are at risk compared to 13 million men.
The gender and caste disparities have shown their effects since a long time in the country
In India, between 2004-05 and 2017-18 period, the gap between males and females in terms of education has been narrowed to some extent. Although the gap in labor force participation has increased significantly.
During the first month of the lockdown, more men have lost jobs compared to women. In the initial stages of the lockdown, the job losses are incurred due to the gender and caste disparities which have led to more women losing jobs than men.
The estimate from CMIE says that men are more likely to be employed compared to women and also gap between male and female employment is around 17.6 percent. This data also shows that women who are employed pre-lockdown are 23.5% less likely to be employed post-lockdown.
Since 2016, India’s growth rate has been on a decline. It has reached 3.1 percent in the first quarter of 2020, the period before the coronavirus. The overall conclusion is that in addition to the overall unemployment, the factors like gender and caste parity will come into effect, unless and until the organizations which are hiring does show these traits.