Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...
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Covid-19: What can be done immediately to help vulnerable population -Reetika Khera
-IdeasforIndia.in With over 80% of India’s workforce employed in the informal sector and one-third working as casual labour, Covid-19's spread and subsequent unplanned lockdowns, have created economic havoc in the lives of millions. In this post, Reetika Khera puts forward suggestions on what can be done to help people immediately, ranging from cash and in-kind assistance to special measures for migrants in urban areas and urgent health-related measures. The spread of the...
More »Coronavirus Lockdown Could Lead to Famine, Possibly Worse -Surajit Das
-Newsclick.in Clearly, more than half of the Indian population would not be able to stay at home for long. Compensating them would cost around Rs 3 lakh crore or 1.5% of our current GDP. Does this Government have the will? It is definitely easier for those whose income is not dependent on moving out, to stay put at home. Most casual labourers, those that are self-employed and daily-wage earners would not be...
More »The perils of an all-out lockdown -Jean Drèze
-The Hindu If the poor must stay at home, they need income support and essential services As the novel coronavirus spreads, a double crisis looms over India: a health crisis and an economic crisis. In terms of casualties, the health crisis is still very confined (seven deaths in a country where eight million people die every year), but the numbers are growing fast. Meanwhile, the economic crisis is hitting with full force,...
More »With no contracts, Casual Workers may be worst hit -Abhishek Jha
-Hindustan Times According to data from the Periodic Labour Force Survey (PLFS) conducted in 2017-18, workers engaged in so-called Casual Work – their wages were based on daily or periodic renewal of a work contract – form a quarter of the total workforce. The Uttar Pradesh and Maharashtra governments on Tuesday took steps to protect the livelihoods of daily wage earners. While the Maharashtra government has urged employers to pay daily wagers...
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