The negative perception of the economy has increased among salaried workers post-COVID-19 than it was in 2019.
The survey was conducted through field interviews and telephonic interviews from Oct. 30 to Nov. 12, 2020, in thirteen major cities. ''Perceptions and expectations on the general economic situation, employment scenario, overall price situation, and income and spending have been obtained from 5,319 households across these cities'', the report stated.
As per CCS, in Nov. 2020, 79.5% of respondents said the employment situation had worsened, and 63% said income levels had decreased compared to Nov. 2019. CMIE data indicated that salaried employees were less likely to lose jobs and were unlikely to regain lost positions. An estimated 21 million salaried workers had lost their jobs by the end of Aug. 2020. However, the job market slowed down significantly since July and declined marginally in October and November 2020.