As per the State of Working India report 2021 of Azim Premji University, nearly half of formal salaried workers moved into informal work between late 2019 and late 2020 and the poorest 20% of the households lost their entire incomes in April and May 2020. Considering the modest national minimum wage threshold of ₹375 per day (the Anoop Satpathy Committee), 23 crore individuals have been pushed below these minimal earnings. Poverty rates in rural areas have increased by 15 percentage points (pp) and by 20 pp in urban areas. (Read More)
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