More than half the households in India have suffered a fall in their incomes during the lockdown, compared to a year ago, and a very large proportion has seen no increase,
The Indian economy is recovering, listed companies are making huge profits, the employment rate is rising; but, the common people are still struggling with stagnant household incomes. More than half the households in India have suffered a fall in incomes during the lockdown, compared to a year ago, and a very large proportion has seen no increase, according to the Centre for Monitoring Indian Economy (CMIE). Now, India is nearly eight months into the lockdown with several relaxations in the movement of goods and delivery of services, and many fast frequency indicators have reported a smart recovery, but the recovery in household incomes is very slow.
