Mass exodus of migrants adds to the drag on India’s economy

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Mass exodus of migrants adds to the drag on India’s economy
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Building sites are deserted and factories have stalled after fear of the virus drove workers away from cities

A worker sits at the construction site in Mumbai, India, July 21 2020. Picture: PUNIT PARANJPE / AFP

But as the city became a virus hotspot, about 80% of construction workers left the financial hub after work came to a standstill, according to the Maharashtra Chamber of Housing Industry. Property giant Hiranandani Group which — unusually — continued to pay its workers during lockdown, has had more success, but has still only managed to convince about 30% of its 4,500 workers to stay on site.

But analysts say firms are still facing a bleak future due to battered finances, stalled projects and, crucially, a lack of workers. A lack of transport means that even those who are willing to swallow their fear and return to work — many are desperate to do so — are unable to.

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BDliveSA /  🏆 12. in ZA

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