Why Saudi Arabia’s Economic Slowdown Is Causing Pain in Far-Off South Asia

A worker at a construction site, Jeddah, Saudi Arabia, May 8, 2014 (AP photo by Hasan Jamali).
A worker at a construction site, Jeddah, Saudi Arabia, May 8, 2014 (AP photo by Hasan Jamali).

It is no secret that Saudi Arabia is experiencing a sharp economic slowdown and has decided to respond by implementing far-reaching economic reforms. But in recent days, a less well-known aspect of this transformation has become visible, highlighting the repercussions and potential risks of the kingdom’s crisis. Less than 60 days after the Saudi government announced its five-year National Transformation Program, part of the larger Vision 2030 reforms, the government of India announced it had launched an emergency operation to rescue thousands of desperate Indian nationals caught in Saudi Arabia’s economic crosscurrents. The plight of large numbers of South Asian […]

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