India’s unemployment rate rose to nearly 8% in April, a four-month high according to data from Centre for Monitoring Indian Economy Pvt.(CMI), a private research firm. The possibility of Indias economy recovering is unlikely due to the catastrophic effect of a second wave of the covid 19 pandemic. State administrations are extending curfews and lockdowns to try to curb a record surge in virus cases.
When G7 Foreign and Development Ministers meet in London this week they will discuss investing $15 billion in developing countries in the next two years. This development fund will help women access jobs and build resilient businesses to combat the devastating economic impacts of COVID-19.