Daily Analysis of 'The Hindu' - 16th June, 2020 Current Affairs Notes | EduRev

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Current Affairs : Daily Analysis of 'The Hindu' - 16th June, 2020 Current Affairs Notes | EduRev

 Page 1


In pandemic crisis, bridging the 
gulf with West Asia
Remaining non-aligned is good 
advice
Helping the helpers
Lessons for Yogi from Gandhi and 
Lee
Page 2


In pandemic crisis, bridging the 
gulf with West Asia
Remaining non-aligned is good 
advice
Helping the helpers
Lessons for Yogi from Gandhi and 
Lee
In pandemic crisis, bridging the gulf with West Asia
?The pandemic has initiated a reverse migration of
Indian blue-collar workers as projects in oil-rich
States stall, and infrastructure development halts
amidst a contracting global economy that some say
may be worse than the Great Depression of the 1930s.
?Overall, an estimated figure of close to nine million
Indians work in West Asia, responsible for sending
back more than 56% of In di a’ s annual infusion of $80
billion in remittances.
?The UAE alone is responsible for $19 billion in
remittances, being the third largest trade partner of
India after the United States and China.
Page 3


In pandemic crisis, bridging the 
gulf with West Asia
Remaining non-aligned is good 
advice
Helping the helpers
Lessons for Yogi from Gandhi and 
Lee
In pandemic crisis, bridging the gulf with West Asia
?The pandemic has initiated a reverse migration of
Indian blue-collar workers as projects in oil-rich
States stall, and infrastructure development halts
amidst a contracting global economy that some say
may be worse than the Great Depression of the 1930s.
?Overall, an estimated figure of close to nine million
Indians work in West Asia, responsible for sending
back more than 56% of In di a’ s annual infusion of $80
billion in remittances.
?The UAE alone is responsible for $19 billion in
remittances, being the third largest trade partner of
India after the United States and China.
Page 4


In pandemic crisis, bridging the 
gulf with West Asia
Remaining non-aligned is good 
advice
Helping the helpers
Lessons for Yogi from Gandhi and 
Lee
In pandemic crisis, bridging the gulf with West Asia
?The pandemic has initiated a reverse migration of
Indian blue-collar workers as projects in oil-rich
States stall, and infrastructure development halts
amidst a contracting global economy that some say
may be worse than the Great Depression of the 1930s.
?Overall, an estimated figure of close to nine million
Indians work in West Asia, responsible for sending
back more than 56% of In di a’ s annual infusion of $80
billion in remittances.
?The UAE alone is responsible for $19 billion in
remittances, being the third largest trade partner of
India after the United States and China.
?The oil price crash will carry massive costs to the West Asian
economies, and, by association, to foreign workers employed there.
?According to a Dubai Chamber of Commerce & Industry survey, more
than 70% of businesses classified as small and medium-sized
enterprises in Dubai, many owned by Indian nationals, may not
survive over the months to come as labour critical industries such as
tourism, conventions, hospitality and airlines bear the immediate
brunt.
?To put it in perspective, according to a 2019 U.S.-U.A.E. Business
Council report, the UAE’ s hospitality sector itself contributes 4.6%
of the c oun try’ s GDP, making nearly 600,000 jobs that are mostly
fulfilled by foreign workers.
?Some reports suggest that up to 30% of these jobs could be lost.
Page 5


In pandemic crisis, bridging the 
gulf with West Asia
Remaining non-aligned is good 
advice
Helping the helpers
Lessons for Yogi from Gandhi and 
Lee
In pandemic crisis, bridging the gulf with West Asia
?The pandemic has initiated a reverse migration of
Indian blue-collar workers as projects in oil-rich
States stall, and infrastructure development halts
amidst a contracting global economy that some say
may be worse than the Great Depression of the 1930s.
?Overall, an estimated figure of close to nine million
Indians work in West Asia, responsible for sending
back more than 56% of In di a’ s annual infusion of $80
billion in remittances.
?The UAE alone is responsible for $19 billion in
remittances, being the third largest trade partner of
India after the United States and China.
?The oil price crash will carry massive costs to the West Asian
economies, and, by association, to foreign workers employed there.
?According to a Dubai Chamber of Commerce & Industry survey, more
than 70% of businesses classified as small and medium-sized
enterprises in Dubai, many owned by Indian nationals, may not
survive over the months to come as labour critical industries such as
tourism, conventions, hospitality and airlines bear the immediate
brunt.
?To put it in perspective, according to a 2019 U.S.-U.A.E. Business
Council report, the UAE’ s hospitality sector itself contributes 4.6%
of the c oun try’ s GDP, making nearly 600,000 jobs that are mostly
fulfilled by foreign workers.
?Some reports suggest that up to 30% of these jobs could be lost.
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