ILO of United Nations: 400 million Indian workers to sink into poverty

On April 8, 2020, the International Labour Organization released its report, “COVID-19 and world of work”. According to the report, around 400 million people are to enter poverty in India.

Highlights

The United Nations Labour body, International Labour Organization has warned that the COVID-19 is to wipe out 195 million full-time jobs. Globally, the virus is to cut 6.7% of working hours.

According to the report, around 2 billion people are working in informal sector worldwide. They are at great risks. The reductions of jobs are to be more in Arab countries and in Asia and Pacific. In Arab countries, around 5 million full time workers are expected to lose their jobs. In Pacific and Asia, around 125 million are to lose their jobs. In Americas and Africa the risk percentage of unemployment is 43% and 26% respectively.

Impacts

The COVID-19 is to affect mainly tourism sector, businesses, manufacturing, retail and food services. Around 3.3 billion work forces are affected due to full time or part time workplace closures.

Month: Current Affairs - April, 2020