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400 million in India may fall deeper into poverty: ILO

Patriot786b2

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400 million in India may fall deeper into poverty: ILO
This figure is higher more like 900 million but as we all know famous falsification of corrupted reporting inside India.

NEW DELHI: In India, with a share of almost 90% of people working in the informal economy, about 400 million workers in the informal economy are at risk of falling deeper into poverty during the crisis and it is expected to wipe out 6.7% of working hours globally in the second quarter of 2020 – equivalent to 195 million full-time jobs, a report by the International Labour Organisation said on Wednesday.
“In India, Nigeria and Brazil, the number of workers in the informal economy affected by the lockdown and other containment measures is substantial. Current lockdown measures in India, which are at the high end of the University of Oxford’s COVID-19 Government Response Stringency Index, have impacted these workers significantly, forcing many of them to return to rural areas,” the report said.

Several sectors of the economy such as tourism, hospitality, airlines, hotels and restaurants, manufacturing, media and entertainment have been hammered by the impact of the Covid-19.
The ILO report said that large reductions are foreseen in the Arab States (8.1% equivalent to 5 million full-time workers), Europe (7.8%, or 12 million full-time workers) and Asia and the Pacific (7.2%, 125 million full-time workers).
Huge losses are expected across different income groups but especially in upper-middle income countries (7.0%, 100 million full-time workers). This far exceeds the effects of the 2008-09 financial crisis, the report said.

The sectors most at risk include accommodation and food services, manufacturing, retail, and business and administrative activities.
The eventual increase in global unemployment during 2020 will depend substantially on future developments and policy measures. There is a high risk that the end-of-year figure will be significantly higher than the initial ILO projection, of 25 million, the report cautioned.

The report, which described the impact of Covid-19 as the worst global crisis since World War 2, said that more than four out of five people (81%) in the global workforce of 3.3 billion are currently affected by full or partial workplace closures.
“Workers and businesses are facing catastrophe, in both developed and developing economies,” said ILO director-general Guy Ryder. “We have to move fast, decisively, and together. The right, urgent, measures, could make the difference between survival and collapse.”
According to the new study, 1.25 billion workers are employed in the sectors identified as being at high risk of “drastic and devastating” increases in layoffs and reductions in wages and working hours. Many are in low-paid, low-skilled jobs, where a sudden loss of income is devastating.


Regionally, the proportion of workers in these “at risk” sectors varies from 43% in the Americas to 26% in Africa. Some regions, particularly Africa, have higher levels of informality, which combined with a lack of social protection, high population density and weak capacity, pose severe health and economic challenges for governments, the report cautions.
Worldwide, two billion people work in the informal sector (mostly in emerging and developing economies) and are particularly at risk.
Large-scale, integrated, policy measures are needed, focusing on four pillars: supporting enterprises, employment and incomes; stimulating the economy and jobs; protecting workers in the workplace; and, using social dialogue between government, workers and employers to find solutions, the study said.
“This is the greatest test for international cooperation in more than 75 years,” said Ryder. “If one country fails, then we all fail. We must find solutions that help all segments of our global society, particularly those that are most vulnerable or least able to help themselves.”
“The choices we make today will directly affect the way this crisis unfolds and so the lives of billions of people,” he added. “With the right measures we can limit its impact and the scars it leaves. We must aim to build back better so that our new systems are safer, fairer and more sustainable than those that allowed this crisis to happen,” said Ryder.
https://m.timesofindia.com/india/40...into-poverty-ilo/amp_articleshow/75056421.cms
 
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Pakistan Space Agency

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Impossible. India is too big to fail apparently.

Anyway, how is it that while Chinese GDP was growing, hundreds of millions of it's population was lifted out of poverty but when Indian GDP is apparently growing, hundreds of millions of its population is falling into poverty?
 
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Patriot786b2

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Impossible. India is too big to fail apparently.

Anyway, how is it that while Chinese GDP was growing, hundreds of million of it's population was lifted out of poverty but when Indian GDP is apparently growing, hundreds of millions of its population is falling into poverty?
Exactly instead of loser country India focusing on their poverty riden mega population their escape goating the whole masses and ignoring mini explosion of poor splitting up inside their rich and expensive cities with viruses.
 

beijingwalker

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Impossible. India is too big to fail apparently.

Anyway, how is it that while Chinese GDP was growing, hundreds of million of it's population was lifted out of poverty but when Indian GDP is apparently growing, hundreds of millions of its population is falling into poverty?
Never trust India GDP figures, it never has tangible progress on the ground to back those number up.
 

CrazyZ

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Impossible. India is too big to fail apparently.

Anyway, how is it that while Chinese GDP was growing, hundreds of million of it's population was lifted out of poverty but when Indian GDP is apparently growing, hundreds of millions of its population is falling into poverty?
India has among some of the highest wealth inequality in the world. GDP growth will go largely to the top 1%, the bottom will fight for the scraps.
 

TheSnakeEatingMarkhur

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Impossible. India is too big to fail apparently.

Anyway, how is it that while Chinese GDP was growing, hundreds of millions of it's population was lifted out of poverty but when Indian GDP is apparently growing, hundreds of millions of its population is falling into poverty?
Have you seen wealth gap in india ? 🤔 1% elite controls over 76% wealth in india..
 

Figaro

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Impossible. India is too big to fail apparently.

Anyway, how is it that while Chinese GDP was growing, hundreds of millions of it's population was lifted out of poverty but when Indian GDP is apparently growing, hundreds of millions of its population is falling into poverty?
There is always a way India can turn to if it wants to instantly lower its poverty numbers. It will work 100%.

Lowering the poverty line
:rofl: :rofl: :rofl: :rofl: :rofl: :rofl:
 

Pakistan Space Agency

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There is always a way India can turn to if it wants to instantly lower its poverty numbers. It will work 100%.

Lowering the poverty line
:rofl: :rofl: :rofl: :rofl: :rofl: :rofl:
I think they've already lowered it to rock bottom.

I don't know why a nation of 1.3 billion people thought that if they under no force or coercion, democratically elect a Hindu Extremist Government to power, it'll do wonders for their country. It's so crazy.

I mean 1.3 billion people voting for Hindu Extremism. How can they get it so wrong? It's beyond belief.
 

retaxis

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Pakistanis remain so obsessed with India that they don’t think about their own country.

As if Pakistan is perfect and all problems are there in India only.
This isnt about pakistan. I fear you won't survive long on this forum before you have a breakdown.
 

N.Siddiqui

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I think they've already lowered it to rock bottom.

I don't know why a nation of 1.3 billion people thought that if they under no force or coercion, democratically elect a Hindu Extremist Government to power, it'll do wonders for their country. It's so crazy.

I mean 1.3 billion people voting for Hindu Extremism. How can they get it so wrong? It's beyond belief.
They were blinded by the hate...for Muslims, Pakistan, Islam dominance for about a millennia, it was like a revenge, a vendetta of hundreds of years of Muslim rule.

And in India it is like a revival, renaissanice, going back to it's Hindu Vedic roots of thousands of years.

And the Hindu nationalism also means for them getting the space back from seculars, liberals, leftists, who were Hindus but they don't follow the pagan Hinduism.
 

Pakistan Space Agency

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They were blinded by the hate...for Muslims, Pakistan, Islam dominance for about a millennia, it was like a revenge, a vendetta of hundreds of years of Muslim rule.

And in India it is like a revival, renaissanice, going back to it's Hindu Vedic roots of thousands of years.

And the Hindu nationalism also means for them getting the space back from seculars, liberals, leftists, who were Hindus but they don't follow the pagan Hinduism.
It's so moronic though. The shear number of people voting for Hindu Extremism even though they know it's pure evil.
 

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