India’s Covid-19 disaster may make world shortages even worse
Prime Minister Narendra Modi has so far resisted calls to impose another total lockdown on the country, even as many regions have announced their own heavy restrictions. But several global industries that rely on India are looking on anxiously. Should the crisis deepen, everything from clothing and pharmaceuticals to financial services and global shipping could feel the pain.
More than 200,000 of an estimated 1.7 million seafarers globally are from India, according to Guy Platten, the Secretary General at the International Chamber of Shipping. Many of them have officer ranks and roles requiring important skills, he added.
“We hope to goodness” this situation can be resolved, Platten told CNN Business. Otherwise it could lead to big “shortage of seafarers,” which would “disrupt the global supply chain,” he added.
As many countries have banned flights from India, it is already impossible to move Indian workers to ports around the world, and swap crews.
René Piil Pedersen, head of…
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