COVID-19 pandemic accelerated class inequalities and poverty in India. Comment.

Accelerated Class Inequalities and Poverty in India:

1. The State of working India report 2021 by Azim Premji shows people are moving from formal to informal work.

2. Poverty rates in rural areas have increased by 15% points and in urban areas by 20% points.

3. The conditions are worse when we look into the poverty data by caste, religion.

4. According to the Oxfam Report, India's richest 1% of the population hold 42.5% of national wealth while the bottom 50%, the majority of the population, owns a mere 2.8%.

5. The World Bank assesses that this pandemic will push an extra 88 million to 115 million individuals into outrageous destitution with the complete ascending to around 150 million by 2021 where the new poor would be in nations previously having high neediness rates.

The government has launched PM Garib Kalyan Anna Yojana and Atma-Nirbhar Bharat Abhiyan to check rising Inequalities and Poverty. However, undoing the impacts of Covid-19 will certainly not be a short-term process.

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