-The Hindu Business Line Kochi: The Covid-19 lockdown has put the country’s marine fishery sector in deep sea, inflicting a daily loss of ₹224 crore, a report prepared by the Central Institute of Fisheries Technology (CIFT) said. The monthly loss for the sector is estimated to be about ₹6,838 crore; the Kochi-based institute has put ₹6,008 crore loss to mechanised sector and ₹830 crore for non-mechanised sector. However, the loss incurred in...
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‘Are we animals?’: Migrants bear brunt of South Asia’s lockdown -Joydeep Gupta, Zofeen T Ebrahim and Ramesh Bhushal
-TheThirdPole.net Migrant workers in India, Pakistan and Nepal are crushed by poverty as earnings come to an abrupt halt in the lockdown forced by the Covid-19 pandemic Across South Asia, the impact of the Covid-19 on livelihoods has been extreme. Despite being an outlier in terms of low infection rates, and even low casualties, most South Asian countries have been left reeling due to the impact that shutdowns have had on migrant...
More »Hans Timmer, World Bank's Chief Economist for South Asia, interviewed by Suhasini Haidar (The Hindu)
-The Hindu Disruptions in the supply chain and panic buying can lead to price spikes: Hans Timmer In a report released this month, the World Bank has predicted a ‘dire’ situation for South Asia due to the economic impact of measures to counter the novel coronavirus pandemic, suggesting that the eight SAARC countries (Afghanistan, Bangladesh, Bhutan, India, Nepal, Pakistan, Maldives and Sri Lanka) will experience their worst economic performance in 40 years,...
More »How China dominates tech investments in India -Palak Shah
-The Hindu Business Line The Centre's decision to impose restrictions on investments coming in from neighbouring countries especially China could have an impact on the start up segment. Chinese investors have already cornered major stake in 18 out of India’s top 30 Unicorns. A recent report by foreign policy think tank ‘Gateway House: Indian Council on Global Relations,’ has estimated China linked investments in India’s tech start-up sector alone at $4 billion. These...
More »Recent reports predict gloomy days ahead for the overall economy
Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...
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