A new study by the Pew Research Center estimates that the middle class may have shrunk by 30% and ranks of the poor risen by 7.5 crore. The pandemic-led lockdown measures resulted in shut businesses and lost jobs sinking the Indian economy. However, the brunt of jobs and income loss has been disproportionately borne by the lower-income population.
India accounts for nearly 60% of the global increase in poverty in 2020. The Pew analysis shows that the poverty rate in India likely rose to 9.7% in 2020. From 2011 to 2019, the estimated number of poor people were to drop from 340 million to 78 million. Had there been no pandemic, the number would have further fallen to 59 million last year. But now the analysis projects an upward trend touching 134 million people. Moreover, the poor working-class were forced to migrate on foot back home having lost all sources of likelihood.
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