This article aims to analyse the plight of the migrant workers in India during the Covid 19 pandemic from a political economy perspective. While taking note of the disruptions and uncertainties during the drastic lockdown that was announced suddenly, it is argued that the vulnerabilities of the migrant labour force are deeply embedded in the long-term changes in the political economy of development in India. These changes, on the one hand, have resulted in the gradual weakening of state support to the working classes, and on the other, have resulted in the normalisation of ‘cheap labour’ as a legitimate objective of neoliberal capitalist development. Locating the conditions of the migrant working class on the specificities of the manifold restructuring of the Indian economy under neoliberal globalisation, the study attempts to emphasise the structural dimensions of the current crisis faced by the migrant labourers. JEL Codes: J46, J61, O15, O17, P16