India sees job losses as states impose lockdowns to check new Covid-19 wave

Unemployment touched 8.6% for the week ending April 11, from 6.7% two weeks ago, showed data by CMIE.

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 is potentially on track to regain the second spot from Brazil after adding a record