Coronavirus impact: Over 100 million Indians could fall below poverty line

Job losses, destruction of informal sector and inadequate government support could push India back by a decade in poverty-reduction progress

Image via Shutterstock
Web Exclusive Premium

Image via Shutterstock

Sai Manish New Delhi
As the Narendra Modi-led central government continues to pick pieces in the puzzle to rein in the coronavirus pandemic in India, the economic costs of the nationwide lockdown on millions of poor could be catastrophic. Projections based on a recent analysis by researchers at the United Nations University (UNU) show that, in the worst case scenario, 104 million more people in India could fall below the World Bank-determined poverty line of $3.2 a day for lower-middle-income countries. At present, 60 per cent of India’s population, or an estimated 812 million people, live below that poverty line.

In effect, the coronavirus

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 17 2020 | 4:15 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com