Covid-19: Top economist says India might face ‘serious livelihood crisis’
Covid-19: Top economist says India might face ‘serious livelihood crisis’
Noted economist Jean Dreze has warned that India might face a serious livelihood crisis due to the impact of the second Covid-19 wave. He added that the working class population may suffer more this time in comparison to the situation last year.
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UPDATED: May 12, 2021 11:07 IST
Livelihood of poorer Indians have been severely impacted as most states have imposed lockdowns to contain the second wave of Covid-19. (Photo: PTI/Representational image)
India might be heading towards a “serious livelihood crisis” as the situation seems to be worse this time for the working class amid the COVID crisis and local restrictions by states already add up to something close to a nationwide lockdown, according to noted economist Jean Dreze.
updated: May 11 2021, 18:17 ist
India might be heading towards a serious livelihood crisis as the situation seems to be worse this time for the working class amid the Covid crisis and local restrictions by states already add up to something close to a nationwide lockdown, according to noted economist Jean Dreze.
In an interview to PTI, he also said the government s target to make India a USD 5 trillion economy by 2024-25 was never a feasible target and was just to pander to the super-power ambitions of the Indian elite.
About the impact of the second wave of Covid on the Indian economy, the eminent economist said the situation today is not very different from what it was around this time last year as far as working people are concerned.
India might see serious livelihood crisis , says economist Jean Dreze
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Last Updated: May 11, 2021, 04:48 PM IST
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The eminent economist said the situation today is not very different from what it was around this time last year as far as working people are concerned.
Reuters The economic consequences of local lockdowns may not be as destructive as those of a national lockdown. But in some respects, things are worse this time for the working class, he opined.
India might be heading towards a serious livelihood crisis as the situation seems to be worse this time for the working class amid the COVID crisis and local restrictions by states already add up to something close to a nationwide lockdown, according to noted economist Jean Dreze.
India might see serious livelihood crisis : Economist Jean Dreze
Agencies
May 11, 2021
India might be heading towards a serious livelihood crisis as the situation seems to be worse this time for the working class amid the Covid crisis and local restrictions by states already add up to something close to a nationwide lockdown, according to noted economist Jean Dreze.
In an interview, he also said the Narendra Modi government s target to make India a USD 5 trillion economy by 2024-25 was never a feasible target and was just to pander to the super-power ambitions of the Indian elite.
About the impact of the second wave of Covid on the Indian economy, the eminent economist said the situation today is not very different from what it was around this time last year as far as working people are concerned.
NEW DELHI: India might be heading towards a serious livelihood crisis as the situation seems to be worse this time for the working class amid the Covid crisis and local restrictions by states already add up to something close to a nationwide lockdown, according to noted economist Jean Dreze.
In an interview to PTI, he also said the government s target to make India a $5 trillion economy by 2024-25 was never a feasible target and was just to pander to the super-power ambitions of the Indian elite.
About the impact of the second wave of Covid on the Indian economy, the eminent economist said the situation today is not very different from what it was around this time last year as far as working people are concerned.