About 400 million individuals working in the casual economy in India are at threat of falling much deeper into poverty due to the coronavirus crisis which is having “catastrophic effects”, and is expected to clean out 195 million full-time jobs or 6.7%of working hours worldwide in the 2nd quarter of this year, the UN’s labour body has warned.
Worldwide, 2 billion individuals work in the informal sector (mostly in emerging and developing economies) and are particularly at risk, the report stated, adding that the COVID-19 crisis is already affecting tens of millions of informal employees.
” In India, with a share of nearly 90%of people working in the informal economy, about 400 m