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Rising number of gold auctions signals growing financial distress in India amid Covid-19

Rising number of gold auctions signals growing financial distress in India amid Covid-19
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New Virus Wave Sparks Fresh Worker Exodus From India s Cities

New Virus Wave Sparks Fresh Worker Exodus From India’s Cities Bloomberg 2 hrs ago Sudhi Ranjan Sen and Dhwani Pandya (Bloomberg) India’s surging epidemic has forced both its financial and political capitals into lockdown, spurring a fresh exodus of migrant laborers fleeing the cities fearing vanishing jobs as panic rises over the ferocity of the country’s second Covid-19 wave. The nation now has the world’s fastest-growing Covid-19 caseload, adding 259,170 new infections and 1,761 deaths on Tuesday, leaving it behind only the U.S. in terms of total numbers. As virus numbers have soared more state governments have announced localized shutdowns to try and tamp down on the surge.

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