effect of corona virus on the economy and on the migrants in India.
Answers
⠀⠀⠀⠀⠀⠀ Hello,
⠀⠀⠀⠀⠀⠀Answer :
The coronavirus crisis is going to produce unprecedented levels of effects on the migrant economy. The first is pretty direct..
Because of :
★Social Distancing and the Lockdown..
★Businesses are mostly shut and only a few people are working...
That means a lot of migrant workers are now either unemployed or waiting for something positive to happen. It also means a lot of people are stranded. In addition, there is the effect of oil prices. There has been a significant decline in demand for oil, which has been an additional pressure on the economy of the Gulf countries. This means more fiscal restraint, reducing the government's ability to provide protection to foreign workers...
The crisis will manifest in home countries like India foremost by the workers' reduced ability to keep earning and remitting money...