How household incomes were affected by Covid | Latest News India - Hindustan Times
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How household incomes were affected by Covid

ByMrinalini Jha, New Delhi
Dec 15, 2021 03:48 PM IST

What is the actual state of the economy? One way to answer this question is to look at the numbers from the Consumer Pyramid Household Survey (CPHS) to track the pandemic’s impact.

In 49 days from now, finance minister Nirmala Sitharaman will present the Union Budget. As the budget preparations are underway, there are mixed signals on the economy. At 8.4%, GDP growth in the quarter ending September exceeded estimates. However, other indicators such as RBI’s Consumer Confidence Index are still in red. Even the private consumption component of GDP remains below pre-pandemic levels. What these numbers suggest is that the post-pandemic recovery has been uneven.

While the impact of the first wave was felt more acutely in urban areas, that of the second wave was more adverse in rural areas.(HT File)
While the impact of the first wave was felt more acutely in urban areas, that of the second wave was more adverse in rural areas.(HT File)

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