Coronavirus crisis adds to risks as India battles slowdown, unemployment

New risk in the form of the Covid-19 virus only adds to the economic cholesterol that India has accumulated over the past few years

It is logical to believe that employment conditions in India have deteriorated quite substantially during 2019-20 eco­nomic growth has slowed down and investments show no sign of picking up. Outlook for the economy in 2020-21, and therefore also for em­ployment, is also getting increasingly difficult by the day. With capacity utilisation remaining very low at around 70 per cent, the prospects of an investments turnaround remain very bleak. As a result, the prospects for growth in good quality jobs also look very difficult.
 
Confidence in the financial system is getting dented with increasing regularity; government measures to prop the