Covid will drive 18 mln Indians to change occupation by 2030: McKinsey report

by Nidhi Bhati

As many as 18 million Indian workers will be forced to switch to a new occupation by 2030 owing to the lasting impact of the ongoing Covid-19 pandemic, the McKinsey Global Institute stated in a report. The long-term effects of the virus may cut low-wage jobs available, which previously served as a safety net for displaced workers. The report further highlighted that in India, the share of total work hours expended using physical and manual skills will decline by 2.2 percentage points, while time devoted to technological skills will rise by 3.3 percentage points.

References
1. https://economictimes.indiatimes.com/jobs/pandemic-will-drive-millions-to-change-occupation-says-mckinsey-report/articleshow/81093761.cms
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.0 +0.1
Consumer Sentiments Index
Base September-December 2015
55.3 +0.7
Consumer Expectations Index
Base September-December 2015
57.4 +0.5
Current Economic Conditions Index
Base September-December 2015
52.0 +0.9
Quarterly CapEx Aggregates
(Rs.trillion) Mar 20 Jun 20 Sep 20 Dec 20
New projects 3.82 0.86 1.15 0.91
Completed projects 1.73 0.26 0.72 0.68
Stalled projects 0.73 0.11 0.08 0.30
Revived projects 0.42 0.68 0.36 0.11
Implementation stalled projects 10.22 0.09 0.07 0.12
Updated on: 25 Feb 2021 8:28PM
Quarterly Financials of Listed Companies
(% change) Mar 20 Jun 20 Sep 20 Dec 20
All listed Companies
 Income -5.0 -27.6 -6.3 1.5
 Expenses -1.8 -27.9 -10.3 -0.1
 Net profit -51.1 -40.3 47.2 58.4
 PAT margin (%) 2.2 5.3 8.4 8.6
 Count of Cos. 4,374 4,370 4,365 4,299
Non-financial Companies
 Income -9.0 -37.4 -10.5 0.0
 Expenses -4.8 -37.7 -14.2 -1.0
 Net profit -52.2 -56.0 31.5 55.2
 PAT margin (%) 3.1 4.5 8.1 9.0
 Net fixed assets 13.5 5.8
 Current assets 2.5 0.7
 Current liabilities 5.4 -2.8
 Borrowings 15.8 8.1
 Reserves & surplus 1.7 4.4
 Count of Cos. 3,256 3,252 3,250 3,205
Numbers are net of P&E
Updated on: 25 Feb 2021 8:28PM
Annual Financials of All Companies
(% change) FY18 FY19 FY20
All Companies
 Income 8.4 13.5 -0.2
 Expenses 9.9 13.8 0.1
 Net profit -41.4 16.6 -12.8
 PAT margin (%) 1.9 2.2 3.6
 Assets 10.9 9.6 9.2
 Net worth 7.3 8.4 4.6
 RONW (%) 3.3 3.9 5.3
 Count of Cos. 30,112 29,570 11,060
Non-financial Companies
 Income 8.6 14.1 -3.0
 Expenses 8.8 14.3 -2.4
 Net profit -9.8 21.1 -22.6
 PAT margin (%) 2.7 3.0 3.7
 Net fixed assets 7.2 5.5 11.8
 Net worth 6.0 8.0 1.6
 RONW (%) 5.6 6.5 6.5
 Debt / Equity (times) 1.0 1.0 0.9
 Interest cover (times) 2.1 2.3 2.5
 Net working capital cycle (days) 78 71 59
 Count of Cos. 24,243 23,774 8,018
Numbers are net of P&E
Updated on: 19 Feb 2021 9:59PM