Unemployment in India gets worse; next in line to layoff employees happens to be Accenture

Unemployment rate in India

Several employees have suddenly fallen out of jobs due to the pandemic, and the situation seems to only be getting worse. Next in line to have laid employees off in Bengaluru happens to be Accenture. Many Accenture employees all over India will soon be shown the way to the exit gate, post the appraisal cycle, which is currently underway. Accenture has about two lakh of its global workforce (of around five lakh) in India itself. According to the Australian Financial Review’s (AFR) report on Tuesday, Accenture CEO Julie Sweet said,…

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Demand for loans have dropped drastically even after liquidity injection.

Home Loan

These are uncertain times and taking a loan with uncertainty looming over your head is not a wise decision. There is no surprise that the masses who are facing the brunt of this uncertainty have therefore not resorted to getting themselves loans, even after a massive liquidity injection by the central government.  India’s outstanding bank loans shrank during the lockdown which stands indicative of the fact that the demands for loans are falling as it is obvious aftermath of the uncertainty that comes with the pandemic.  A total outstanding of…

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