The COVID -19 pandemic has contaminated the entire world. Due to elongated lockdowns, people lost their jobs and suffered huge losses in their businesses. In fact, people are still reeling under its effects. The pandemic has taken things down globally. Apart from killing people, it has destroyed their economic growth. Now, everyone hopes that in the upcoming months, circumstances will change, especially labour supply services.

Manpower Services

1. Unemployment

During the month of April 2020, the International Labour Organization (ILO) nearly lost 2.5 crore jobs worldwide due to COVID-19. Consort to a statement, about 1.5 crore workers remained out of work by the end of 2020. Probably on a large scale, workers in India also witnessed a huge amount of job loss due to the pandemic. COVID-19 has destroyed the labour market brutally. Even labour suppliers and agencies lost control over it.

2. Financial Crisis

The economic impact of the COVID-19 pandemic in India has been devastating. As per the Ministry of Statistics, India’s growth in the fourth quarter of the year 2020-21 slashed to 3.1%. The situation was worse and it enhanced the burden on the labour class too. Not only India but other countries also went through huge losses. Some people worked from home through telecommuting but on the other hand, many people faced huge losses and it’s getting worse with time as some are still struggling to make their livelihood.

3. Poverty

The pandemic came in with lockdowns with a series of havoc and chaos in the economy and affected livelihood. Income dallied due to COVID-19 downheartedly. The average monthly household income per capita in October 2020 (INR 4,979) was still low and escalated to INR 5,989 in January 2021. Millions of laborers and workers are still jobless and sitting in their homes, craving for food, and struggling to meet their necessities.

4. Starvation

Millions of people died from food deprivation too. The death rate increased rapidly because of starvation and it also affected the global health crisis swiftly. India ranked 94 among 107 commonwealths in the Global Hunger Index 2020 and was in the ‘serious’ hunger category. The manufacturing and food sectors turned down worldwide. Even retail chains didn’t run well. If such a situation prevailed for longer, it would have killed half of the lower class people due to lack of food.

Conclusion

The novel Coronavirus badly affected the whole world. It is overcoming the situation, people are coming out, labour suppliers and labour contractors have also become active and are trying to be involved in economic activities. If you’re in search of labour supplier in Gandhidham, Ardent Facilities is the best option. It is the leader in the market of labour supply services and also provides housekeeping, security guards, and payroll outsourcing services in Ahmedabad, Vadodara, and Surat.

Advantages Of Hiring Manpower Services In Vadodara