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.
The social and financial impacts of COVID-19 have been keenly felt by many people. Unfortunately, there are places in the U.K. which have been more significantly impacted by this crisis than others.
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.