India’s condition is worrying due to Corona pandemic
India’s condition is worrying due to covid-19, crores of people will have this condition.
The World Bank has claimed that millions of people in India may be poor due to the covid-19 epidemic. The World Bank claim is based on recent growth trajectories. It is feared that the Indian economy may shrink by 3.2 percent in FY 2020-21.
According to the World Bank, most people in South Asia will go below the poverty line due to the Corona pandemic. Subsequently, most people will be affected in sub-Saharan Africa countries.
It is being said that due to the effect of the corona virus lockdown on the world economy, about 100 million people may be poor all over the world. Of these, four hundred and twenty million are in South Asian countries and 30 million in sub-African countries. This is revealed in the World Bank’s Global Economic Output Report.
Earlier in April, using their global development figures, experts estimated that 4-6 million people had spoken of going below the poverty line.
According to the World Bank, the corona virus epidemic first engulfed Europe and North America. Subsequently, middle and low income countries were hit. The economy of these countries has been affected due to the lockdown, due to which the number of poor in these countries will increase.
Issuing a report by the Global Economic Prospect, the World Bank said recently that the global economy could be in the biggest crisis of 150 years due to the corona virus. World Bank President David Malpas said that this is the first time since 1870, when an epidemic has caused such a crisis.
Earlier in April, using their global growth data, experts predicted that 4-6 million people in the world could go below the poverty line. According to the World Bank, Corona Mahamari first captured the affluent countries of Europe and North America. Then developing and poor countries fell into it.