As India’s economy tried regaining its footing earlier this year, the number of job opportunities seen by global recruitment specialists Michael Page rose 32 percent in Quarter1, 2021 as compared to Quarter 4, 2020, hinting towards economic revival in the country.
However, in the ongoing second wave of the pandemic, April and May 2021 is witnessing the economic activity in India dip owing to the localised lockdowns, but the impact on economy is unlikely to be as devastating as 2020. Compared to last year when there was a national lockdown and movement was completely restricted for 30 days; currently, business activities are operational with limitations to ensure safety and well-being of people. The ongoing second wave will only result in a “short-term setback”, the medium-term growth outlook remains stable for the rest of the 2021.
Source: Free Press Journal