The following report highlights the tumultuous times faced by ordinary citizens in India owing to slackening growth and disruption of economy by COVID-19. The story highlights on the fact that nearly 46% Indians were forced to depend on loans for managing their households owing to job losses and poor incomes. Due to tragic losses in economy and businesses, a majority of Indians lost their jobs the previous year and the direct bearing of the pandemic was on the low-income groups.
Low income groups were dependent on loans from banks and other private entities analysing the situation of debts and delay in payments. To read more on the prevalent debt situation due to coronavirus pandemic and lockdown, click on the full story here, exclusively in Hindi.
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