DEAR MIDDLE CLASS OF INDIA
Just think your monthly income is half million that should provide you a top line lifestyle, preferring prestigious schools for your children, expensive restaurants and gifts. And due to a sudden crisis, you lose your Job, the lockdown has hit Jobs and savings. Now You came to a point of realisation that You can’t adopt that expensive lifestyle anymore, there is fear and widespread panic that causes the maximum distress.
Let me tell you pandemic had led to significantly more suicides among professionals. Couple who were Professional engineers ends life at Pune due to financial insecurity. As a matter of fact, his high-class lifestyle habits killed him, just because he can’t seek help from his family because of his self-dignity. Depression killed him due to the frequent crashes in the share market, also led to sharp downfall in the stock market.
The Pandemic has compounded India’s economic challenges, with millions losing their Jobs. These mass lay-offs are putting fear into employees. Their monthly salary of about 17k was cut by 11 percent. The coronavirus pandemic only intensified their pressure.
“There is fear and widespread panic. The entire Indian economy is in the petrified zone”
According to the statistics of CMIE, 100 million people were benched with “no work” due to the heavy pandemic. The merchant class, the major component of Indian middle class is now a pathetic figure.
Banaras saree Industry is struggling amidst coronavirus. A weaver living in Banaras even told about the closure. They have an annual income of about Rs 6000 crore. They sell for 250 days. The business is closed for 100 days. This Industry is currently closed due to the covid-19 outbreak and due to this, many families are struggling. The coronavirus triggered crisis has not only led to the fall in the sale of sarees, a number of workers associated with the Banaras saree industry are also suffering
The tourism Industry has always been one of the Industries hardest hit by pandemics and crises. Now the maintenance cost of hotels is too high. People from different parts of the country working at hotels, dharmshalas and lodges lost their Jobs Directly and Indirectly. Somehow Government failed to provide direct help to these much-needed sections.
Thus, much support from the Government is needed to remove the hurdles of the Indian Middle Class. They can neither seek helping hands from anyone nor they can keep his self-esteem. Now what they should do in such a situation is a matter of debate for us.
Today the Quantum of economic burden for the middle class is the most. Modi Govt is not at all taking any favourable decisions to avoid the possibility of such Incidents in India.
India’s contracting economy is rebooting from coronavirus blow, but at the same time government need to make sure that the people strongly believe that the government stands firmly with them.
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