Overall unemployment for the week to 19 April shot up to 26.19% from 8.4% in mid-March, shows data Shankar S. took a leap of faith when he quit his job of nearly two decades in a multinational liquor company four years ago and set up his own travel startup in Bengaluru with a friend.
The covid-19 outbreak, which has severely hit the travel, hospitality and aviation sectors the most, has brought businesses to a standstill since March-end, forcing Shankar, 48, to think of alternative options. “A few of my friends and I have been videoconferencing daily with the idea of starting something with electric autos.
But it is capital-intensive and may not be the best option right now. We are also considering doing something in personal hygiene