India Coronavirus Dispatch: Many take loans to buy food as incomes dip
60% of Karnataka cases in came August, spurt in Kerala numbers after lull, and Why people are hesitant to admit infection--news on how India is coping with the virus
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On September 1, however, Kerala had 76,525 confirmed cases, 31% of which are active. Photo: Shutterstock
Incomes dip: People in areas like UP’s Sonbhadra district have been skipping meals to compensate for the extreme decline in incomes since the pandemic hit. Many of them are availing loans just to be able to buy food. These families were among those surveyed to find out the impact of lockdowns and the relief, if any, they got from the government’s stimulus package. About 68 per cent of the respondents have reported a fall in their incomes. Economic distress, the report says, has become a reality across states and sectors. Farmers are complaining about low prices and markets being shut, while shipowners rue slowing businesses and daily wage earners say they haven’t had any income in months. About 20 per cent of the respondents said they had to resort to selling durables so they could afford food. Read more here.