Over 1⁄3 of Indian households may run out of resources in another week: CMIE

Over 1⁄3 of Indian households may run out of resources in another weekIn another week, more than one third of Indian households may run out of resources and face distress without assistance after that, says a study based on data from the Indian Economy Household Survey Monitoring Centre.

The study on the impact of the lockdown on household income released on Tuesday also disclosed that nearly 84% of households have suffered a decline in monthly income and that more than 1/4 of the country’s working-age population is unemployed.

“Across India, 34% of all households report being able to live without additional assistance for no more than one week,” the study co-authored by CMIE Chief Economist Kaushik Krishnan said, calling attention to the urgent need for household help at the lower end of the income spectrum.

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