city New Delhi India innovations economy crisis city New Delhi India

Covid impact: Ajay Piramal says 20-30% of migrant labour may not find work

Reading now: 257
www.livemint.com

NEW DELHI: India would continue to see high unemployment rates post-covid if the economy doesn’t revive soon, industrialists at a CII session warned.

If more people fall below the poverty line, it could lead to a demographic nightmare. Speaking at the session on ‘Getting growth back’, Ajay Piramal, chairman of Piramal Group said, “There will be new ways of doing business and probably 20-30% of these people will not be employed," he said. “How do we ensure that those sectors that they work in, whether it is construction or at home — are revived?" he asked.

While companies can survive the crisis, many people may not, he warned. “If we don’t address growth, there will be social issues — if people do not have food.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA