India’s economy has faced three big blows over the last decade. First, the global financial crisis of 2008, which saw the country’s gross domestic product (GDP) growth rate collapse to 3.9%—the lowest growth rate since 1991. Then, in November 2016, India saw demonetisation demonetisation Demonetisation On 8 November 2016, 86% of Indian currency was deemed illegal by Prime Minister Narendra Modi , the economic impact of which has been likened by some experts to 86% blood 86% blood The Hindu Business Line The economic implications of demonetisation are many and yield mixed results Read more being changed in the human body.
The right resumes
Not all’s lost; some jobs could survive post-Covid India
As the pandemic shakes up the jobs market, it is worth identifying pockets that had been hiring, and therefore, could get back up on their feet soon
Newer sectors together added about 95,000 more jobs in 2019 as compared to 2018—which is 2.6X the jobs created by old-economy industries
That's not the only kind of new stepping in for the exhausted oldies. Younger cities are taking the baton and stepping up to provide employment
80% of the increase in new jobs have been concentrated in four cities—Bengaluru, Hyderabad, Pune, and Ahmedabad
This is no coincidence. A lot of the new opportunities come from tech-related fields, and these cities are young and tech-savvy