Rural India sinks deeper into debt as Covid-19 wipes out work

Published
0

The coronavirus and a lockdown aimed at stopping it last year saw millions of people thrown out of jobs in Indian cities and towns and forced back to their villages, and ever higher levels of debt.

According to Reuters, interviews with 75 households in a cluster of eight villages in India's most populous state showed household incomes have slumped nearly 75 per cent on average. Almost two thirds of the households have taken on debt.

Source: Reuters.
Source: Reuters.

The Reuters investigation showed most of these households in the Uttar Pradesh cluster, a combined 518 people, have taken out total debt of 6.12m rupees ($82,250), more than 80pc of which remains unserviced, the householders said.

Source: Reuters.
Source: Reuters.

With no jobs or with bread-winners sick, the cumulative monthly income of the 75 households has dropped to about 220,000 rupees ($2,960) from 815,000 rupees ($10,960) before the pandemic.

Read more here

Opinion

Editorial

Talks, at last
Updated 03 Oct, 2026

Talks, at last

The government’s constant threats to suspend KP’s elected dispensation over a political protest have escalated hostilities considerably. In that context, both sides did well to start talking.
IWT’s future
Updated 03 Oct, 2026

IWT’s future

TOGETHER with the Kashmir dispute, India’s unilateral suspension of the Indus Waters Treaty has become the biggest...
Pained minds
03 Oct, 2026

Pained minds

IN Pakistan, mental healthcare is wedged between two extremes — a luxury or a stigma. Estimates cited by the...
Risks ahead
Updated 02 Oct, 2026

Risks ahead

To think that the government would rather push out an elected government than grant a single prisoner some facilities does not square up rationally.
Exit from Iraq
02 Oct, 2026

Exit from Iraq

AMERICAN and British troops have once again shipped out of Iraq. On Wednesday, the foreign forces left the Arab...
Lahore’s ozone warning
02 Oct, 2026

Lahore’s ozone warning

LAHORE has received another warning that its air pollution crisis cannot be treated as a problem that begins with...