The pain around joblessness in urban India has just begun
Contract workers in hospitality and retail businesses have been hit by a drop in discretionary spending
Over 30% urban India’s weekly unemployment figure since 29 March, says CMIE
NEW DELHI : There are no jobs in key sectors in urban India, from restaurants and hotels to retail and automobiles, and this is just the beginning. Most contract workers in these industries have no income and the few who do are also likely to lose their source of livelihood as many small businesses, linked to discretionary consumption, shut shop. Discretionary consumption in travel, for instance, may not revive before October 2020. The bump up in unemployment following the national lockdown is reflected in data reported by Mint on Tuesday.