Sixty-year-old Manik Midday in West Bengal’s Howrah is feeling the heat of the commodity shock caused by Russia’s war on Ukraine. Soaring raw material prices have lowered production levels at the foundry unit where he works translating into shorter working hours and less wages. With hundreds of foundry units around the area in the same boat, Midday knows, there is no escape from this crisis.
“I used to make Rs 700 a day and now it’s down to half as the foundry unit has slashed production with the increase in input cost. It’s a difficult situation, but across factories, the

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