Tag: India

India coronavirus: Gold rush as pandemic roils country’s economy

Image copyright Getty Images Image caption Gold prices have been rising, making it a reliable and popular asset Indians are returning to one of their oldest assets amid a raging pandemic that was preceded by a banking crisis, reports the BBC’s Nidhi Rai. To say Indians love gold would be an understatement. Over centuries, households – as well as temples… Read more →

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India coronavirus: Recession looms as economy reopens

Image copyright Getty Images Image caption Production costs have soared with social distancing, screens and PPE suits in workplaces India is gradually unlocking its economy after a shutdown that lasted more than two months. But it’s unlikely to be business as usual for millions of retailers, small enterprises and factories, writes the BBC’s Nikhil Inamdar. By all accounts, reversing the… Read more →

Amazon trials online food delivery in India

Image copyright Getty Images Internet giant Amazon is entering the meal delivery business with a trial in four parts of India’s Bengaluru. The move comes as pandemic lockdowns prompt a surge in online ordering in some places, such as the US. However in India, the two big players in the market have seen significant declines in demand. Uber Eats retreated… Read more →

Coronavirus lockdown: India announces free food for fleeing migrants

Image copyright EPA Image caption Millions of people have fled the cities in India India will provide free food to migrants for two months as part of a $266bn (£216bn) economic plan to combat the effect of the Covid-19 lockdown. Finance Minister Nirmala Sitharaman said grain supplies worth $463m would benefit 80 million migrants. Tens of thousands of migrants have… Read more →