Have the labour markets recovered post-lockdown?

Abraham, Rosa and Bosale, Amit (2021) Have the labour markets recovered post-lockdown? Hindustan Times.

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Abstract

The forthcoming Union Budget will be presented in the backdrop of the largest ever contraction – the National Statistical Office (NSO) expects this number to be 7.7% in 2020-21 – in the Indian economy. To be sure, the NSO believes that the economy is out of contraction zone after a decline of 23.9% and 7.5% in the quarters ending June and September 2020. Several high-frequency indicators such as the Nomura India Business Resumption Index (NIBRI), Purchasing Managers’ Indices (PMI) show a strong sequential recovery in the economy. Such indicators, however, do not tell us about the pandemic’s impact on the labour market and incomes, and whether the situation has improved with removal of lockdown restrictions.

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Newspaper Article

Authors:

Abraham, Rosa and Bosale, Amit

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