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India sees job losses as curbs return to check new virus wave

Source | | Vrishti Beniwal, Bloomberg

A fresh round of provincial lockdowns to curb the record rise in virus infections is leading to job losses in India, according to the latest employment data by a private research firm.

Unemployment touched 8.6% for the week ending April 11, from 6.7% two weeks ago, showed the data by Centre for Monitoring Indian Economy Pvt. Ltd. The hit is more severe in urban areas where it’s nearing 10% as local media shows images of workers fleeing cities fearing harsher curbs like last year.

Asia’s third-largest economy has regained the second spot from Brazil after adding a record 168,912 cases in a day, taking the tally to 13.53 million cases. It is facing an escalating health crisis with the second wave overwhelming hospitals and forcing states to restrict

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