New Delhi: Covid-19 pandemic has affected the economy of the country in an unprecedented manner. While the country continues to battle at both health and economic fronts, it has come to fore that that the pandemic has not only claimed lives and affected health of the population, but the common had to suffer huge financial losses as well.
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As per the latest report, by State Bank of India, the country could overall suffer a loss of Rs 38 lakh crore in the current financial year, which is 16.9 percent of India’s GDP. This implies that the per capita income of every citizen of the country is estimated to be cut by about Rs 27,000. In other words, in the current financial year, every Indian’s pocket would bear a loss of Rs 27,000, as per SBI report.
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The report also provided a state-wise breakup of how the pandemic has hit the per capita income of states. In Delhi, a per capita loss of Rs 87,223 is estimated , while the common man in Gujarat is estimated to face a loss of Rs. 45,018. Below is the table of losses incurred per person in the listed states.
| States |
Per Capita Loss |
| Delhi |
Rs. 87,223 |
| Gujarat |
Rs. 45,018 |
| Maharashtra |
Rs. 38, 841 |
| Punjab |
Rs. 34,081 |
| Uttar Pradesh |
Rs. 14,006 |
Looking at overall economic loss in the Financial Year 2021, Maharashtra which attracts maximum investment, is the worst-hit . Here is a list of states and the FY21 loss for these states.
| States |
Covid-19 Cases |
Total loss for FY21 |
| Maharashtra |
6.93 lakh |
5.39 lakh crore |
| Tamil Nadu |
3.85 lakh |
3.51 lakh crore |
| Uttar Pradesh |
1.92 lakh |
3.11 lakh crore |
| Adhra Pradesh |
3.61 lakh |
2.53 lakh crore |
| Uttar Pradesh |
1.92 lakh |
3.11 lakh crore |
| Adhra Pradesh |
3.61 lakh |
2.53 lakh crore |
| Karnataka |
2.83 lakh |
2.54 lakh crore |
| Delhi |
1.61 lakh |
1.66 lakh crore |
Watch the report here:
On another grim note, a recent survey conducted by online by human resource solutions provider Genius Consultants during April-June, stated that nearly 50 per cent of respondents believe that coronavirus-related lockdown has affected their work-life balance. About 42.60 per cent of respondents said one of the major difficulties they have been facing while searching for a job in this scenario is compromising on the current pay scale. The survey found that 39.72 per cent felt that lack of opportunities was another challenge while 17.68 per cent felt relocation was an issue.
