Jobless claims data
My estimate us India may see 50M go jobless if this Covid19 crisis continues till june or beyond. We have ballpark only 100M Or 10cr jobs in the country and that includes private public infomal sector, construction workers everyone.
1 in 2 jobs will be Gone. more
Moreover , many youngersters are not prepared to go to other work place on same organisation , change of location , whereas the retiered the person can go to other location
One more important aspect is if a retiered person was
hoding high position if the parent company don't retain him the competitor company will higher him.
So there are many issues not one. more