The Problem with International Migration from India The losses outweigh the gains
A report released on January 15 by the United Nations Department of Economic and Social Affairs estimates that India has the highest number of international migrants in the world. It found that last year 18 million Indians were living abroad, followed by Mexico 11 million, Russia 11 million, China 10 million, and Syria 8 million. It estimates that 10 million or 1 crore Indians emigrated abroad in the period 2000–10.
Traces exist of the earliest human beings migrating from place to place in search of food, water and safety. When we learnt to raise livestock and crops, villages and towns whose traces we can recognise came into being. We migrated from village to village, from village to town, or from town to village in order to live. International migration too has occurred for many centuries, by people dreaming of a better life, living with family, or fleeing the deadly effects of wars, violence o
He spoke with IPS following a panel on COVID-19-integrated recovery policies for the country, organised by the United Nations Department of Economic and Social Affairs (DESA).
At the panel, experts spoke on a range of issues from the country’s private and public sector partnerships, the health sector and its COVID-19 response, the impact on children, and the challenges faced by Syrian refugees.
The panel took place on Wednesday, Jan. 27, just as the country was embroiled in massive protests in response to COVID-19 restrictions and the worst economic crisis in Lebanon’s history.
“What is the point of any other policy priorities anyway when your people are impoverished, dying at hospital doors, or emigrating?” Abi-Nassif added. “Any serious effort would entail providing immediate financial, logistical and mental health support to families living below the poverty line since extreme poverty breeds unrest and chaos.”
Indian economy estimated to contract by 9.6% in 2020, grow at 7.3% in 2021: UN
International
Published: Wednesday, January 27, 2021, 8:18 [IST]
United Nations, jan 27: India s economy is projected to grow at 7.3 per cent in 2021, even as it is estimated to contract by 9.6 per cent in 2020 as lockdowns and other efforts to control the COVID-19 pandemic slashed domestic consumption, the UN has said.
The World Economic Situation and Prospects 2021, produced by the United Nations Department of Economic and Social Affairs (UN DESA), said the world economy was hit by a once-in-a-century crisis a Great Disruption unleashed by the COVID-19 pandemic in 2020.
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The global economy shrank by 4.3 per cent last year, over two-and-a-half times more than during the global financial crisis of 2009. The modest recovery of 4.7 per cent expected in 2021 would barely offset the losses of 2020.
AUDUSD increased 0.00283 or 0.37% to 0.77415.
NZDUSD increased 0.00375 or 0.52% to 0.72358.
USDJPY decreased 0.09 or -0.08% to 103.67.
USDCNY decreased 0.01091 or -0.17% to 6.47604.
Precious Metals
Silver increased 0.17 USD/t. oz or 0.67% to 25.469.
Some economic news from last night
Japan：
South Korea:
GDP (QoQ) (Q4) decreased from 2.1% to 1.1%.
Some economic news from today
Hong Kong:
Imports (MoM) (Dec) increased from 5.1% to 14.1%.
Trade Balance decreased from -25.6B to -45.7B.
Japan:
Singapore:
Industrial Production (YoY) (Dec) decreased from 18.7% to 14.3%.
EUROPE/EMEA
Mastercard will increase fees more than fivefold when a British shopper uses a debit or credit card to buy from an EU-based company, sparking alarm among companies that rely on online payments and concern among MPs over higher consumer prices. Mastercard and Visa levy an “interchange” fee on behalf of banks for every debit or credit card payment that uses their networks. The EU introduced