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0 0.00314465408805025 0.00419287211740033 0.00733752620545076 -0.010482180293501 -0.0167714884696017 -0.0209643605870022 -0.0188679245283019
Stock impact report

India extends world's biggest lockdown, ignites protest by migrant workers [Reuters]

Barclays PLC (BCS) 
Company Research Source: Reuters
India extends world's biggest lockdown, ignites protest by migrant workers NEW DELHI/MUMBAI (Reuters) - India extended a lockdown on its 1.3 billion people until at least May 3 on Tuesday and Prime Minister Narendra Modi said economic sacrifices were needed to save lives as the number of coronavirus cases exceeded 10,000. A few hours after Modi spoke, police baton-charged protesting migrant workers in Mumbai. Sharp downward revisions to economic growth forecasts in the wake of the pandemic point towards surging unemployment, but Modi urged Indians to maintain the discipline shown in the first three weeks of the lockdown. “That means until May 3, each and every one of us will have to remain in the lockdown,” Modi said in a televised address to the nation. “From an economic only point of view, it undoubtedly looks costly right now; but measured against the lives of Indian citizens, there is no comparison itself.” Later in Mumbai, thousands of jobless migrant workers gathered at a railwa Show less Read more
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