India’s job engine strains as Iran war hits remittances and trade - The Straits Times

India’s job engine strains as Iran war hits remittances and trade  The Straits Times

India's job engine strains as Middle East war hits remittances and trade

The war in the Middle East is squeezing two pillars of Indian employment, forcing Gulf-based workers home and crushing demand for the country’s manufactured exports, from leather goods to glassware. For decades, work in the Middle East and global demand for labour-intensive manufacturing in sectors such as footwear and garments gave a generation of Indians stable, and in some cases lucrative, incomes. Now, the foreign conflict has dealt a double blow to the economy, with returning migrant wor...

By none@none.com (Reuters)