Thread by @IndiaSpend

30% of households who had said in Jun 2020 that they had lost their source of income because of #COVID19 had returned to work in Oct 2020, but most of them were self-employed in agriculture, as per a survey by the National Council of Applied Economic Research (@ncaer). Thread:

The telephonic survey was conducted twice, once in June among 2,068 households and then in October among 1,989 households. In the October survey, 65% of the households surveyed were the same as in the 1st round

Many of those who lost their jobs due to #COVID19 and the #lockdown were forced into self-employment, Mahesh Vyas, MD, @_CMIE told us in Jan 2021. India still has 15 million missing jobs compared to the pre-#COVID19 months, he had said:
indiaspend.com/economy/millio…

80% of households reported a decrease in income post the #pandemic, in the @ncaer Oct survey. The worst affected were casual labourers (91% in UP & 96% in Odisha) and those self-employed in non-agricultural activities (89% in UP & 91% in Odisha)

How did households manage with lower income?

As households dip into their savings because of stagnating or no income, economists warn that India's gross household savings could decline, thereby denting future consumption and jeopardising economic recovery, as we reported on Jan.22:
indiaspend.com/economy/indias…

Over 1/3 of households in UP & ~1/2 (44%) in Odisha were unable to or did not comment on whether they believed that their financial situation will improve in the future, suggesting economic uncertainty for families, the survey says

In UP, 10% of households surveyed said their financial situation was likely to improve and 36% said it was likely to get worse in the future. In Odisha, 16% said their situation was likely to improve while 15% said it would likely worsen

More youths & women lost jobs than older workers & men. Even after employment rates recovered, quality of employment reduced, with people moving into less secure self-employment in agri, construction & small-scale trade, we reported in Jan 2021:
indiaspend.com/economy/pandem…

Here are the detailed survey findings: ncaer.org/uploads/photo-…