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india unemployment rate: Unemployment rate could touch double-digit mark in May: CMIE

The Issue is Exploitation, not Migration

India stares at double-digit unemployment rate, 10 million job losses in May: CMIE

Domestic remittances down amid rising unemployment and lockdowns 2 0

‘Larger centres more impacted that smaller centres’ Domestic remittances have fallen by about 20 per cent in the second wave of the Covid-19 pandemic, that has once again led to State level lockdowns and rising unemployment. Industry data reveals that these remittances, which are largely by migrant workers to their families, have fallen across the country though not as sharply as last year during the national lockdown. “There is a drop in urban remittances, primarily because of the lockdowns. Work is stalled at many places due to which wages are stalled as well. There are also reports of workers returning to their villages,” said Abhinav Sinha, co-founder, Eko India.

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