There has been fear that decades of enmity between the two could spill over into all-out war
India’s economy contracted 7.3 percent in 2020-21, official data showed Monday, its worst recession since independence as coronavirus lockdowns put millions out of work.
Asia’s third-largest economy grew by 1.6 percent between January and March — the fourth quarter of its fiscal year — after exiting its first “technical recession” since 1947 following two successive quarters of contraction.
About 230 million Indians fell into poverty due to the pandemic last year, according to a study by Bangalore’s Azim Premji University, which defined the poor as those living on less than 375 rupees ($5) a day.
An easing of restrictions towards the end of 2020 helped propel a tentative recovery in activity but this may prove short-lived following an explosion in Covid-19 cases in April and May.
The vicious second wave, which has killed 160,000 people in eight weeks, prompted further lockdowns and saw 7.3 million people lose their jobs in April alone, according to the Centre for Monitoring the Indian Economy.
That means more pain in a country where 90 percent of the workforce is in the informal sector with no social safety net, and where millions do not qualify for emergency government rations.
Prime Minister Narendra Modi’s government has so far refrained from announcing any fresh major stimulus measures in response.
There has been fear that decades of enmity between the two could spill over into all-out war
The leading hypermarket chain has implemented additional measures to ensure sufficient stock availability for shoppers
Thousands of personnel deployed to clear accumulated water, clogged drains, and fallen trees
Areas such as Abu Shagara, Al Qasimiya, King Faisal Road, Al Mahatta, and Majaz have been particularly affected
The Ministry of Foreign Affairs reiterated its call on the United Nations and the UN Security Council to fulfill their responsibilities
This step aims bring relief to thousands of residents in Emaar’s communities who have been badly affected by unprecedented rains
Dressed in all black, the man was seen directing traffic for nearly six hours
Four others to drive away a luxury vehicle each