COVID-19 and Impact on Income Inequality: The Indian Experience

Sovik Mukherjee ()
Additional contact information
Sovik Mukherjee: St. Xavier’s University

Chapter Chapter 18 in COVID-19 Pandemic and Global Inequality, 2023, pp 295-303 from Springer

Abstract: Abstract With global inequality falling, income inequality in India has increased during the period 1990–2019. With the occurrence of COVID-19, the trend of increasing income inequality in India is expected to not only continue but worsen. The chapter analyses the data from the CMIE’s (Centre for Monitoring Indian Economy) Consumer Pyramids Households Survey, corresponding to the first wave ranging from February 2020–December 2020, the Delta wave period spanning from January 2021 to July 2021 and the OMICRON wave period ranging from November 2021–February 2022. Interestingly, it shows that between January 2021–July 2021 inequality had fallen relative to February 2020–December 2020 period while it rose between November 2021–February 2022 as compared to the January 2021–July 2021 period. Primarily, the fall in income inequality is on account of the larger fall in income among the upper income households and a smaller decline in the earnings observed among the lower income households. The contribution of the study is employing data that is relatively novel to the literature, thus, enabling a deeper empirical analysis of the trends in inequality, particularly, in the context of a developing country like India for policy purposes.

Keywords: Deciles; Employment; Fixed effects; Households; Income; Seasonal; CMIE (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-4405-7_18

Ordering information: This item can be ordered from
http://www.springer.com/9789819944057

DOI: 10.1007/978-981-99-4405-7_18

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().