New Delhi: The services sector, barring education, witnessed a near-complete recovery in employment by the December quarter after a significant dip earlier in the year due to the Covid-19 pandemic, the Centre for Monitoring Indian Economy said. The real estate and construction sectors recovered completely though it remained muted in manufacturing, while there were job gains in agriculture, it said.
“By the December 2020 quarter, most of these services sector job losses had recovered,” the independent economic think tank said in its weekly analysis. Data from CMIE’s Consumer Pyramids Household Survey showed employment in travel and tourism – which took a massive hit during the outbreak – rose by 1.3 million at the end of the December quarter, at 20.7 million. This was higher than the 19.4 million employed by the sector in 2019-20. “Other services sectors have also seen an improvement,” it said.
Source: The Economic Times