Impact of COVID-19 curbs, reverse migration: Remittances fal

Impact of COVID-19 curbs, reverse migration: Remittances fall up to 10% in 2 weeks


Synopsis
Major remittance companies said the rapid spread of Covid in urban areas and concerns over a total lockdown, as was the case last March, have already prompted a section of the migrant workforce to leave the big cities. However, infrastructure and manufacturing projects, which have put in place an enabling ecosystem for the migrant staff at worksites.
Agencies
With India reporting over160,000 infections on Monday, several states have imposed restriction.
Localised lockdowns in the industrial hubs of Maharashtra and apprehensions about similar curbs in Delhi-NCR have started affecting the casual workforce, with remittances to the less-affluent hinterland from these urban pockets already dropping up to 10% in the past two weeks.

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