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Poverty and Income Distribution Amid Covid-19: An Analysis of India

In: Future of Work and Business in Covid-19 Era

Author

Listed:
  • Veena Tripathi

    (Jaipuria Institute of Management)

  • Deepti Ahuja

    (Business Manager, Publicis Media)

Abstract

The ongoing pandemic has led to unprecedented disruption to the economies all over the world and exposed the vast majority of the population to the health-related financial shocks. It sets off a domino effect right from affecting the health of larger share of population to the economic policies pursued by the government to contain the spread of novel coronavirus. Countries have imposed temporary lockdowns and restored to social distancing. Unfortunately, such measures had huge economic costs in terms of poverty, income distribution and unemployment. With this context, this paper attempts to examine the impact of the COVID-19 containment measures on poverty and income inequality in India. It was observed that the COVID-19 not only exacerbates income inequality but also pushed many people into the extreme poverty. It clearly reflects that with poor health facilities and infrastructure, a large section of the society has suffered a huge real income shock that could jeopardized the country’s economic growth. Thus, from policy perspectives, the present economic crisis amid COVID-19 pandemic delineates the importance of placing social protection policies that is oriented towards vulnerable and marginalized households especially in the event of social shocks.

Suggested Citation

  • Veena Tripathi & Deepti Ahuja, 2022. "Poverty and Income Distribution Amid Covid-19: An Analysis of India," Springer Proceedings in Business and Economics, in: Rabi Narayan Subudhi & Sumita Mishra & Abu Saleh & Dariush Khezrimotlagh (ed.), Future of Work and Business in Covid-19 Era, pages 73-80, Springer.
    • Handle: RePEc:spr:prbchp:978-981-19-0357-1_7
    DOI: 10.1007/978-981-19-0357-1_7
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