Economics
India Sees Job Losses as Curbs Return to Check New Virus Wave
- Unemployment touched 8.6% for the week ending April 11: CMIE
- RBI consumer confidence survey shows rising pessimism on jobs
A motorcyclist travels along an empty Marine Drive road during a weekend lockdown in Mumbai, on April 10.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
A fresh round of provincial lockdowns to curb the record rise in virus infections is leading to job losses in India, according to the latest employment data by a private research firm.
Unemployment touched 8.6% for the week ending April 11, from 6.7% two weeks ago, showed the data by Centre for Monitoring Indian Economy Pvt. Ltd. The hit is more severe in urban areas where it’s nearing 10% as local media shows images of workers fleeing cities fearing harsher curbs like last year.