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Remittances from West Asia may skid on falling oil prices

city New Delhi India Saudi Arabia 2020 pandemic economy crisis
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NEW DELHI : Jameel Basha, 36, is in a dilemma—should he return to India or not? He has been working as an office assistant in a construction company in Saudi Arabia since 2017, earning the equivalent of ₹45,000 a month.

His work prospects are now uncertain because of the turbulence caused by the dual shock of the covid-19 pandemic and the plunge in oil prices, the mainstay of the West Asian country’s revenue. “My employer hasn’t paid us for the past three months.

I am unsure whether I will be sacked," Basha said by phone from Dammam. Sustaining himself in Dammam and sending money home to repay a ₹8 lakh personal loan, is now a challenge. “I came to work here only because salaries are so low in India.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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