Economics
India’s Virus Surge Leaves Another 7 Million People Jobless
- CMIE data shows unemployment rate rose to 7.97% in April
- The health crisis in India is leading to localized lockdowns
Daily wage workers waiting for work along a street in Boisar, Maharashtra, India.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here
India’s unemployment rate rose to a four-month high of nearly 8% in April, and the outlook remains weak with state administrations extending lockdowns to curb a record surge in virus cases.