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Regarding a report by Pew Research Center on impact of COVID on poverty, consider the following statements:
1. India’s middle class may have shrunk by a third due to 2020’s pandemic-driven recession.
2. The number of poor people in India (with incomes of $2 or less a day) is estimated to have increased by 7.5 crore because of the COVID-19 recession.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Regarding a report by Pew Research Center on impact of COVID on povert...
India’s middle class may have shrunk by a third due to 2020’s pandemic-driven recession, while the number of poor people — earning less than ₹150 per day — more than doubled, according to an analysis by the Pew Research Center.
- In comparison, Chinese incomes remained relatively unshaken, with just a 2% drop in the middle class population, it found.
- The report uses World Bank projections of economic growth to estimate the impact of COVID-19 on Indian incomes. The lockdown triggered by the pandemic resulted in shut businesses, lost jobs and falling incomes, plunging the Indian economy into a deep recession.
- The middle class in India is estimated to have shrunk by 3.2 crore in 2020 as a consequence of the downturn, compared with the number it may have reached absent the pandemic, defining the middle class as people with incomes of approximately ₹700-1,500 or $10-20 per day.
- Meanwhile, the number of people who are poor in India (with incomes of $2 or less a day) is estimated to have increased by 7.5 crore because of the COVID-19 recession. This accounts for nearly 60% of the global increase in poverty
- It also noted the record spike in MGNREGA participants as proof that the poor were struggling to find work.
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Regarding a report by Pew Research Center on impact of COVID on poverty, consider the following statements:1. India’s middle class may have shrunk by a third due to 2020’s pandemic-driven recession.2. The number of poor people in India (with incomes of $2 or less a day) is estimated to have increased by 7.5 crore because of the COVID-19 recession.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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Regarding a report by Pew Research Center on impact of COVID on poverty, consider the following statements:1. India’s middle class may have shrunk by a third due to 2020’s pandemic-driven recession.2. The number of poor people in India (with incomes of $2 or less a day) is estimated to have increased by 7.5 crore because of the COVID-19 recession.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Regarding a report by Pew Research Center on impact of COVID on poverty, consider the following statements:1. India’s middle class may have shrunk by a third due to 2020’s pandemic-driven recession.2. The number of poor people in India (with incomes of $2 or less a day) is estimated to have increased by 7.5 crore because of the COVID-19 recession.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Regarding a report by Pew Research Center on impact of COVID on poverty, consider the following statements:1. India’s middle class may have shrunk by a third due to 2020’s pandemic-driven recession.2. The number of poor people in India (with incomes of $2 or less a day) is estimated to have increased by 7.5 crore because of the COVID-19 recession.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
Regarding a report by Pew Research Center on impact of COVID on poverty, consider the following statements:1. India’s middle class may have shrunk by a third due to 2020’s pandemic-driven recession.2. The number of poor people in India (with incomes of $2 or less a day) is estimated to have increased by 7.5 crore because of the COVID-19 recession.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Regarding a report by Pew Research Center on impact of COVID on poverty, consider the following statements:1. India’s middle class may have shrunk by a third due to 2020’s pandemic-driven recession.2. The number of poor people in India (with incomes of $2 or less a day) is estimated to have increased by 7.5 crore because of the COVID-19 recession.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Regarding a report by Pew Research Center on impact of COVID on poverty, consider the following statements:1. India’s middle class may have shrunk by a third due to 2020’s pandemic-driven recession.2. The number of poor people in India (with incomes of $2 or less a day) is estimated to have increased by 7.5 crore because of the COVID-19 recession.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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