During the Corona Lock Down, 2.15 Crore jobs were lost in India.
A study undertaken through the National Council of Applied Economic Research (NCAER) on “India and the Coronavirus Pandemic: Economic Losses for Households Engaged in Tourism and Policies for Recovery” resulted in the following key findings:
Due to overall economic slowdown during 2020-21, tourism economy or Tourism Direct Gross Value Added (TDGVA) saw a fall of 42.8 percent in Quarter 1 (Q1); 15.5 percent in Q2 and fall of 1.1 percent in Q3.Due to significant drop in tourist arrivals and hence tourism expenditure, during the pandemic, it is estimated that TDGVA plummeted by as much as 93.3 percent in Q1 of 2020-21 over its level in the same quarter of previous year.
It picked up slightly to post a fall of 79.5 percent in Q2 and that of 64.3 percent in Q3.A significant number of direct jobs were lost in the tourism sector once the lock down was implemented. 14.5 million direct jobs during Q1, 5.2 million during Q2 and 1.8 million direct jobs during Q3 are expected to have lost as compared to estimated 34.8 million direct jobs in tourism sector in the pre-pandemic period of 2019-20.