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2nd Covid wave rendered 1 cr Indians jobless, 97% households' incomes declined: CMIE

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MUMBAI : Over 10 million Indians have lost their jobs because of the second wave of Covid-19, and around 97% of households' incomes have declined since the beginning of the pandemic last year, Centre for Monitoring Indian Economy (CMIE) chief executive Mahesh Vyas said on Monday.The unemployment rate measured by the think-tank is expected to come at 12% at the end of May as against 8% in April, Vyas told PTI, adding this signifies that about 10 million or 1 crore Indians have lost jobs in this period.Stating that the main reason for the job losses is "mainly the second wave" of Covid-19 infections, Vyas said, "As the economy opens up, part of the problem will be solved but not entirely."He explained that people who lose jobs find it hard to.

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