Consumer sentiment weakens in April amid coronavirus surge
Consumer sentiments have been particularly battered during the last three weeks of April, says the Centre for Monitoring Indian Economy s (CMIE) managing director and chief executive Mahesh Vyas
BusinessToday.In | May 4, 2021 | Updated 16:45 IST
The index of consumer sentiments plunged by 3.8% in April, its sharpest fall since May 2020, says CMIE
The COVID-19 second wave had a detrimental impact on household sentiments in April, according to the Centre for Monitoring Indian Economy (CMIE).
There is widespread anguish that is spilling over into the anxiety concerning the long-term well-being of households, says CMIE s managing director and chief executive Mahesh Vyas.
Covid-19: Unemployment rate rises to 4-month high, over 70 lakh out of jobs in April
Covid-19: Unemployment rate rises to 4-month high, over 70 lakh out of jobs in April
The Covid crisis in India has triggered a fresh wave of unemployment in the country. The unemployment rate touched a four-month high in April as job losses increased sharply due to localised curbs imposed by states.
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UPDATED: May 4, 2021 17:53 IST
Unemployment rate in the country has increased as business activity has been hurt by localised lockdowns imposed in many states to contain the spread of Covid-19. (Photo: PTI/Representational image)
The unemployment rate in the country has touched a four-month high as localised lockdowns imposed in many states have impacted over 70 lakh jobs. The situation could get worse if the Covid-19 situation does not come under control by May.
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On a Tuesday night in mid-April, Shantanu Deshpande’s phone buzzed. A friend’s mother, infected with the coronavirus, was in urgent need of hospital treatment as a plunge in her blood oxygen level threatened her life.
With India’s health system – where it exists – at a breaking point because of the surge in COVID-19 cases, no beds were available. Two hospitals had turned her away
Deshpande – founder and chief executive of The Bombay Shaving Company which sells grooming products online – and some of his family and friends began calling hospitals and contacts to search for a facility that would treat his friend’s mother.