Hyderabad: The COVID-19 pandemic and the nationwide lockdown has already started showing its darker side. The hard hit economy followed by a disrupted supply chain, is gradually pushing the Indian job market to such a quagmire, where from it will take a good deal of effort to come afloat.
Recent data released by the Centre for Monitoring Indian Economy (CMIE) shows India's unemployment rate has surged to 27.11 per cent for the week that ended on May 3. A steep rise from 6.74 per cent in March. Many are either confronted with delayed salaries, leave without pay, pay cuts or the worst, lay offs.
Read more:Coronavirus a litmus test for GST, follow UAE, Greece model to save economy: Experts tell Govt
Experts indicate that this bleak job scenario is here to stay for some time, so young India should brace for some big jerks. To ease out the grim scene and to tread through the labyrinth of options and dead ends, here are some tips which one can explore:
Showcase your talent on Social Media platforms
We all are talented in our own way. Explore your unique capabilities and showcase your work and creativity on YouTube. If you are a good orator or an expert in performing arts, you may become successful as an Influencer. This will not only give you enough exposure, but you will rake in some moolah.
Going online with your crafts
If you have a business plan, but not enough capital or infrastructure to implement it, you can test waters using social media platforms like Facebook, Twitter and Instagram to showcase and sell your products. Earn while you create.
Freelancing Jobs
If you are interested in writing or even editing, you can go for freelancing. There are lots of companies and websites, which will provide you the room to create your own story and space and get paid for it.
Stock Market Trading/Investment
If you have an interest in stocks and share market and a considerable amount of cash reserve, market watchers are saying this is the time to invest some. With ample of study material available online, you can learn the market basics and invest in variety of schemes and mutual funds. If you are not very confident, seek help from renowned brokers and fund managers who can guide you with a short or a long term investment plan, which fits your investment pocket.
Government Schemes
Both the Central and State governments are coming up with a number of plans and schemes to support people during these tough times. Stay updated. Details of these schemes are available on different government portals. Keep track of government announcements and make sure you are availing the profits of such schemes.
Online Tutorials
Since schools and colleges are closed and many are offering online classes, there has already been a remarkable surge in search for online tutors. With social distancing becoming the norm of the day in near future, in-depth knowledge of a particular subject, makes you the right candidate to offer online tutorials. Grab the opportunity. Log in such websites, which are looking for online tutors and get connected to your students.
Online Delivery
Social distancing and restricted shopping timings could also be with us for quite sometime now, forcing many to remain indoors for long hours. With most of the service providers reorienting themselves in offering door to door services, online delivery services is always a good option to try now. With the right business plan and zeroing in on the services, you can turn into a successful online delivery point very soon.
Rent your vehicle
The virus spikes of COVID-19 is piercing one and all. If you have a vehicle and your movement has been restricted due to the lockdown or work from home norms, its time to make some cash by putting your four-wheeler to some profitable use. Try hooking up with Ola, Uber, Rapido, Zoom Car, Revv and other such options for putting your car on rent and eventually get rent.
Extraordinary times have always given birth to great out-of-the-box ideas. This COVID-19 pandemic is something, which is unique and with it, comes its challenges. Options are there aplenty and are only waiting to be tapped. Go, grab them!
