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Labour market taking a hit, Cyclone Tauktae

High-frequency data show that job losses are starting to mount, but a key lesson from last year is that the labour market can recover quickly once virus restrictions are lifted. That provides hope that scarring from the second virus wave will be limited. Meanwhile, Cyclone Tauktae has already taken a human toll. The major economic concern is that it will also hold back India's vaccination drive.

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