The COVID-19 pandemic is not only a health crisis but an economic crisis too. In particular, the anxiety and fear COVID-19 has created among the poor is unprecedented. It has also created a double burden for this group; loss of income now and loss of hope, or aspirations, for the future. Here, Dr Ravi Nandi and Dr S. Nedumaran from Flagship Project 1 at ICRISAT examine the evidence for policies to improve aspirations in times of crisis.
In India about 91% of the total 465 million workers work in the informal sector. These groups have irregular incomes and are highly vulnerable to economic slowdown and health crisis. In the past two years, the Indian economy has been slowing down and the current COVID-19 pandemic crisis is compounding the impact. Millions of people now fear losing their jobs due to the extra pressure COVID-19 is placing on India’s economy.
