The economic distress in India caused by lockdown imposed to stem the spread of coronavirus is dire. Nearly 84% of Indian households is seeing decreases in income since the lockdown began. Nearly a third of all households will not be able to survive beyond a week without additional assistance. This was stated in a study, titled “How Are Indian Households Coping Under the Covid-19 Lockdown? 8 Key Findings”, carried out by experts at the University of Pennsylvania, the University of Chicago and the Mumbai-based Centre for Monitoring the Indian Economy (CMIE). “Direct…
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