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How the accumulation of debt during the Covid-19 pandemic is hurting India's low-income households


How the accumulation of debt during the Covid-19 pandemic is hurting India’s low-income households
Household-debt-to-GDP ratio increased to 37.1% in the second quarter of 2020,
The debt levels of daily wage workers around the country have increased, surveys show.
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Punit Paranjpe/ AFP
Six years ago, 24-year-old Munna Kumar Singh and his family migrated to Delhi from a small town in Bihar, where he worked in a denim factory in the city’s Udyog Vihar for a monthly salary of Rs 9,000. He is the sole breadwinner in the family of four. He also tries to send a small remittance to those at home in Bihar. When he lost his job with last year’s lockdown to curtain the spread of Covid-19, Singh struggled to make ends meet. He ended up borrowing extensively from informal channels. He is now over Rs 50,000 in debt with no stable income to repay his loans. ....

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Migrant Workers in Delhi's Kapashera Have Been Left to Fend for Themselves


Migrant Workers in Delhi s Kapashera Have Been Left to Fend for Themselves
The pandemic and consequent lockdowns have had an adverse effect on household incomes, our study found.
Labour13 hours ago
“Hum silai ka kaam karte hai. Ghar pe hum silai mein kama nahi sakte. Isliye hum yahan Dilli export company mein kaam karne aa gaye (I work in textiles and at home there are no avenues to work in that sector. That is why I came to Delhi to work in some of the textile export companies),” said Akash, a 34 year-old textile worker living in a slum settlement near Udyog Vihar, New Delhi. Akash migrated to Delhi from a rural village near Gaya, Bihar at the young age of 17, in search of better livelihood opportunities. ....

United States , Madhya Pradesh , New Delhi , Munna Singh , Ashok Singh , Udyog Vihar , Sanjay Kumar , Centre For New Economics , Op Jindal Global University , New Economics Studies , Global University , ஒன்றுபட்டது மாநிலங்களில் , மத்யா பிரதேஷ் , புதியது டெல்ஹி , முன்னா சிங் , அசோக் சிங் , உதியோக் விஹார் , சஞ்சய் குமார் , மையம் க்கு புதியது பொருளாதாரம் , ஓப் ஜிண்டால் உலகளாவிய பல்கலைக்கழகம் , புதியது பொருளாதாரம் ஆய்வுகள் , உலகளாவிய பல்கலைக்கழகம் ,