Seybold Report ISSN: 1533-9211
Dr B. Nagarjuna, Dr Gaurav Khanna, Joydeep Banerjee, Arundhatee Mishra, Vidhya Ranganathan, Prasanta Mujrai
Vol 17, No 11 ( 2022 ) | Licensing: CC 4.0 | Pg no: 2760-2767 | Published on: 14-11-2022
Abstract
The topic of discussion in this paper is the impact that the COVID-19 pandemic has had on employment opportunities for different types of workers in India and throughout the world. In December 2019, the first confirmed case of Corona was discovered, marking the beginning of the pandemic that followed. The decision to implement a curfew across the entire country for a period of 21 days was made by the Prime Minister of the Government of India. All of the states' rules, regulations, and specific instructions for combating this epidemic were crafted by the Ministry of Home Affairs and distributed to them. The fact that people were left stranded at a certain moment was the most vulnerable effect that this virus had. As a negative consequence of the lockdown, people's lives came to a sudden and abrupt halt at a certain point, and many individuals endured a great deal of suffering as a result of the COVID-19 epidemic. In this research, the aftereffects of COVID are analyzed, with a particular emphasis placed on employment as an essential component that was adversely impacted. In the wake of the global epidemic, a great number of businesses in India and elsewhere suffered enormous financial losses. People were experiencing enormous mental and financial losses that they were unable to manage; those people who were capable enough found some way to overcome this precarious circumstance. Because this virus can be passed from person to person, many states have placed limitations on the hospitality industry and other types of enterprises in which large groups of people congregate. Because there was a possibility that this virus would spread, the government was forced to impose some limits on these businesses. The various health officials cautioned Indians to spend as much time as they could inside their homes. Because they were concerned about the safety of their personnel, the various commercial establishments put a halt to their economic activity. Because of these factors, economic activity has ground to a standstill, which has had a ripple effect that extends to the job sector. Every industry was negatively affected by the loss of jobs.
Keywords:
Unemployment in a pandemic, worldwide effect, Indian context, guidelines under covid-19, effect on the market.