Pandemic eats up Rs 13 lakh crore of household income in India: Report

Describing the growth momentum seen in second and third quarters of FY21 as a positive surprise, economists at UBS Securities India led by Tanvee Gupta Jain said the economy could slow by mid-2021 as households that lost incomes during the pandemic to the tune of Rs 13 lakh crore could drag consumption with a lag.

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/pandemic-eatsrs-13-lakh-crorehousehold-incomeindia-report_14911261.html
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