The unemployment rate reached 25.5 percent on May 5, from a base of 7.4 percent on March 21. This fall in income is consistent with the sharp increase in unemployment and the sharp decrease in labour force participation that has been recorded in the CPHS data immediately after the lockdown went into effect, as seen in Figure 1. Finding #1: 84 percent of Indian households have lost income due to the lockdownĪcross India, 84 percent of households reported a fall in income due to the lockdown. Importantly, we use monthly pre-lockdown per-capita household income to bin households into income quintiles. We link answers to these questions to CPHS data on various characteristics of the households, including: per-capita household income, state, urban versus rural status, and the household religion.
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