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Business Daily

The cost of lockdown in the developing world

Business Daily

BBC

Business

4.4816 Ratings

🗓️ 26 March 2020

⏱️ 18 minutes

🧾️ Download transcript

Summary

India has been put in lockdown to halt the spread of the coronavirus outbreak. Already the growing restrictions have caused turmoil in India's big cities. Hundreds of thousands of migrant wage labourers have suddenly found themselves jobless. Jayati Ghosh, professor of economics at the Jawaharlal Nehru University, says there is a critical lack of planning for the hundreds of millions of people who are near the breadline. Meanwhile, poor countries around the world are seeing their citizens suffer under restrictions. So is the price of lockdown in the poor world just too high? American political scientist Ian Bremmer thinks it's a question we need to take seriously.

Producer: Frey Lindsay. (Picture:Mumbai Police checking ID card during restrictions on citizens' movement. Picture credit: Getty Images.)

Transcript

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0:00.0

Hello there, I'm Ed Butler and welcome to Business Daily from the BBC. This week, India's gone under lockdown 1.3 billion people told to keep off the streets.

0:13.0

We are seeing hundreds of thousands of workers in every city losing their jobs overnight. These are people who have no savings, who cannot afford to stay on

0:22.2

for months or even weeks without any income. Measures like this to combat coronavirus could

0:28.3

transform economies. They could transform all of us. We could learn with those people who have been

0:35.5

living below the poverty line for all their lives.

0:39.1

I think COVID-19 is going to change us forever.

0:43.6

The costs of lockdown. That's Business Daily from the BBC.

0:53.2

The sound there of queues of shoppers piling into convenience stores in New Delhi,

0:58.6

just an hour or so before the nationwide lockdown went into effect on Tuesday evening.

1:03.5

The Prime Minister Narendra Modi had just announced the three-week suspension of all office work and public transport,

1:10.4

calling these essential steps in the

1:12.9

fight against the coronavirus. No one, he said, should venture out on the streets.

1:22.0

No doubt this lockdown will entail an economic cost for the country, but saving the life of each and every Indian, of you and your family,

1:31.2

is the first priority of me and my government.

1:35.9

Well, already, these growing restrictions have caused turmoil in India's biggest cities.

1:41.1

Hundreds of thousands of migrant-wage labourers, like this teenage boy,

1:45.7

have suddenly found themselves jobless. He's desperate, he says. He's been wandering the streets

1:51.3

for three days, trying to get back to his home, which is far away. He's breaking the curfew and

1:57.0

the police are after him. He's already been beaten several times, he says.

2:04.1

This 20-year-old man is on his way back to his home village.

2:08.1

It's 80 kilometers away, he tells the reporter, and he has nothing.

2:12.4

No job, no food, and no money.

...

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