Indian millennials today face Covid-19 pandemic recession

Eddiana ShyllaMarch 18, 2021

India is a young country, which indicates that, presently, the majority of millennials are in the workforce. In 2020, the global pandemic shocked the world and billions of people worldwide were affected and many lost their livelihoods, including the millennials.

Who are millennials? They are the generation born from 1981-1996.

The Covid-19 outbreak in India, as well as the nationwide lockdown that began on March 25, had changed the jobs landscape in the region. 2020 was called the worst-ever year for the Indian labour market and around the same time, a few industries went on a recruiting binge.

What happened to the work-life balance of the private working millennials during the pandemic?

• The work from home (WFH) process was applied with no defined working hours.
• There is a blurred line between personal life and professional life.
• Increased distractions like loss of internet service, loud household backgrounds, electricity failure, etc.
• Looming stress and anxiety due to overwork
• Low income and increased workload

Basically, from the above, the employed in the employment spectrum can be determined that the work-life balance of the millennials are little to non-existence.

What about the millennials that lost their jobs?

On the other side of the employment spectrum, in terms of the labour market, the country’s millennials are actually the most vulnerable. According to the CMIE, 9.5 million of the 14.7 million jobs lost were for graduates and post-graduates. This is an extremely concerning trend.

It also mentioned that young workers have to compensate for fewer positions with new batch entering the labour force after them. This is causing a recession in the country which has not found an end so far and perhaps, for the rest of the present year.