The slowdown of economic activity experienced due to the lockdowns resulted in a significant impact on the lives of the poorest. In this episode of India Speak, Yamini Aiyar (President and Chief Executive, CPR) speaks to Dr Maitreesh Ghatak (Professor of Economics, London School of Economics) to discuss India's inequality problem. How unequal is India? Are these inequalities because of COVID or merely economic realities that COVID has now exposed? How do we bring India back on a more equitable growth path?
Dr Ghatak who has written extensively on the inequalities of the Indian economy walks us through the issue of widening inequality in the context of the pandemic, unpacks the growth versus inequality debate, and discusses the long term implications the pandemic has posed. He explains the impact on the informal sector, intergenerational mobility, and discusses the dynamics of potential recovery.
About the Series
The second wave of the COVID-19 pandemic poses serious challenges that need immediate attention. The collapse of an already strained health system, vaccine supply shortage, an unprecedented economic crisis and sharpening inequality, are factors that raise crucial concerns. How must India confront this crisis? The Centre for Policy Research (CPR) brings leading experts to discuss what the country’s response should look like in a new podcast series, India and the Pandemic.
Listen to other episodes in this series:
- Impact of the Second Wave on the Economy featuring Pranjul Bhandari
- Impact of the Second Wave on Unemployment and Labour Force Participation featuring Mahesh Vyas
- Impact on Jobs, Incomes, Inequality and Poverty featuring Amit Basole
- Responding to the Spread of COVID-19 in Rural India featuring Abhijit Chowdhury
- Realities of COVID-19 in Rural India featuring Anurag Behar
- Unpacking India's COVID-19 Vaccination Strategy featuring Partha Mukhopadhyay