Nearly a third of all households will not be able to survive beyond a week without additional assistance, it stated. The study found a “sharp and broad negative impact on household income” as the pandemic diminished their staying capacity. Nearly 84% of Indian households are seeing decreases in income since the lockdown began, according to a recent study by experts at the University of Pennsylvania, University of Chicago and the Mumbai-based Centre for Monitoring the Indian Economy (CMIE), titled “ How Are Indian Households Coping Under the Covid-19 Lockdown? 8 Key Findings.” The economic distress in India caused by the lockdown is dire. In the latest quarter ended April 20, India’s GDP grew the slowest in 11 years at 3.1%, and is expected to contract by 6.8% in the current fiscal year. According to the Johns Hopkins University’s dashboard, as of June 8, India was seventh on the list of countries with the most infections with 258,090 positive cases and 7,263 deaths.īut also compelling is the pile-up of economic misery the lockdown has wrought. The wisdom of even a phased reopening in select sectors such as malls, restaurants and markets selling non-essential goods and domestic train and air travel is being questioned as the number of COVID-19 cases and deaths continues to climb. Choosing a New Board Leader: Eight Questions March 7, 2023Īmid a gradual reopening of its economy, India has extended its nationwide lockdown in containment zones – areas where people have tested positive for COVID-19 – through June 30.Speak With Confidence: Four Fixes That Work April 11, 2023.It’s Not You - It’s Your Goals: Knowing When to Quit May 30, 2023.Generating Ideas: A Process for Breakthrough Innovation June 14, 2023.Meet the Authors: Wharton’s Katy Milkman on How to Change May 14, 2021.Meet the Authors: Mauro Guillén on How Businesses Succeed in a Global Marketplace June 21, 2021.Meet the Authors: Wharton’s Peter Cappelli on The Future of the Office November 4, 2021.Meet the Authors: Erika James and Lynn Perry Wooten on The Prepared Leader October 3, 2022.How National Politics Are Impacting DEI in the Workplace February 7, 2023.Diversity at Work: Why Inclusive Storytelling Matters April 4, 2023.Improving Accessibility in the Workplace - and in Space May 16, 2023.How Employers Can Support Women’s Reproductive Rights June 20, 2023.Great Question: Kevin Werbach on Cryptocurrency and Fintech July 21, 2021.Great Question: Dean Erika James on Crisis Management August 16, 2021.Great Question: Wendy De La Rosa on Personal Finance October 15, 2021.Great Question: Witold Henisz on ESG Initiatives November 17, 2021.Making the Business Case for ESG May 3, 2022. How Companies and Capital Can Be Forces for Good June 21, 2022.Investing in Refugee Entrepreneurs in East Africa August 8, 2022.Why Employee-owned Companies Are Better at Building Worker Wealth November 11, 2022.Beyond Business: Humanizing ESG December 13, 2021.How Analytics Is Changing Finance November 29, 2022.How Data Analytics Can Help Deliver Social Good December 20, 2022.How Analytics Can Boost Competitiveness in Sports January 31, 2023.
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