Covid-19: Top economist says India might face ‘serious livelihood crisis’

Noted economist Jean Dreze has warned that India might face a 'serious livelihood crisis' due to the impact of the second Covid-19 wave. He added that the working class population may suffer more this time in comparison to the situation last year.

India might be heading towards a “serious livelihood crisis” as the situation seems to be worse this time for the working class amid the COVID crisis and local restrictions by states already add up to something close to a nationwide lockdown, according to noted economist Jean Dreze. In an interview, he also said the government's target to make India a USD 5 trillion economy by 2024-25 was never a “feasible target” and was just to pander to the “super-power ambitions” of the Indian elite.