Context
Approximately 1.6 billion workers in the informal economy, nearly half of the global workforce, are in immediate danger of having their livelihoods destroyed because of the novel coronavirus disease (COVID-19) pandemic, the International Labour Organization (ILO) has warned in its report
Background:
Analysis
How will it impact the informal economy?
Impact on enterprises:
The situation in India:
What is needed at the moment?
About ILO:
Conclusion:
As the Coronavirus and the employment crisis is evolving at a fast rate, the need to protect the most vulnerable becomes even more urgent. For millions of workers, no income means no food, no security and no future. Millions of businesses around the world are barely breathing. These are the real faces of the world of work. It’s time to support both workers and business, particularly smaller enterprises and those in the informal economy.
Verifying, please be patient.