Large numbers of Indian population are going to face a shortage of money by the end of June

A large portion of the Indian population has faced the loss in income since the lockdown and by then they are only dependent on the past savings.

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The lockdown to control this fatal virus has brought a large number of adversities. The whole country is facing, but as usual, the one who is facing the ugliest side of this is the poor category, especially the urban poor class.

According to an article published in live Mint, 30% of India’s urban population could be out of savings and unable to cover essential expenditure by June-end. A large portion of the Indian population has faced the loss in income since the lockdown and by then they are only dependent on the past savings. For the rural poor, the situation is not miserable whereas for the urban poor the situation is going to worsen and they are going to face a peculiar situation as they have no welfare support or past savings to fall back. According to the survey of the Mint, in an approximation, the income of the urban poor has fallen from 82% as compared to the 66% in rural poor.

The government is planning to start some schemes for the rural poor in regards of the agriculture and some concessions on loan taken by them, but for urban poor, which comprises of a population of 139 million Indians, there are no measures and they are completely dependent on their petty past savings which are going to end by the month of June.


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Large numbers of Indian population are going to face a shortage of money by the end of June
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A large portion of the Indian population has faced the loss in income since the lockdown and by then they are only dependent on the past savings.
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THE POLICY TIMES
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