India covid-19 pandemic shock India

45% faced some form of reduction in their income due to Covid-19: Report

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1. Professional Impact 45% faced job loss or loss of pay - Nearly half of working Indians faced disruption to their work and incurred reduction to their income 50% did not have work from home option - Since many blue and grey collar jobs cannot be performed at home, 50% of working Indians had to work at their regular workplace exposing them to higher risk of Covid. 2.

Financial Impact 64% saw rise in financial stress - Working Indians with modest incomes have less ability to withstand financial stress.

With the pandemic impacting salaries as well as increasing medical expenses, two-thirds of respondents faced increased financial stress.

65% did not have medical insurance - While this is not very surprising, it highlighted the vulnerability of working Indians to shocks from medical expenses.

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