COVID-19 crisis may push 40 cr Indians into poverty: Report

The coronavirus crisis may push 40 crore Indians working in the informal sector further into poverty, a report by the United Nations said.

The International Labour Organization said the pandemic is likely to wipe out 19.5 crore full time jobs or 6.7% of working hours globally in the second half of the year.

In its report, titled “ILO Monitor 2nd edition: COVID-19 and the world of work”, the International Labour Organisation said that the pandemic is the worst global crisis since World War II.

“Workers and businesses are facing catastrophe, in both developed and developing economies,” International Labour Organization Director-General Guy Ryder said. “We have to move fast, decisively, and together. The right, urgent, measures could make the difference between survival and collapse.”

The labour organisation said that nearly 90% of India’s labour works in the informal sector, and many workers have been forced to return to their homes in rural areas due to closure of shops and businesses.