It is no breaking news that the coronavirus pandemic has left the economy in a shambles. The gross domestic product has contracted, and the government revenues have been hit. But more importantly, jobs and incomes have been hit severely, weakening the aggregate demand.
The 2021 edition of Azim Premji University’s report, State of Working India, underlines the depth of this impact. It shows that informality and poverty increased during Covid-19, and the lowest income households took the hardest hit — one in five households reduced food intake. The study also shows the ...
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