(FT) Suicides rise after Coronavirus puts squeeze on India’s middle class

Even before Covid-19 hit, white-collar workers were under immense pressure as India’s growth stalled. Suicides among professionals have climbed for two consecutive years, averaging 23 a day in 2019, according to the National Crime Records Bureau.

“It’s the uncertainty that causes the maximum distress,” said Lakshmi Vijayakumar, a psychiatrist and suicide expert in Chennai, who added that the pandemic had led to significantly more suicides among professionals. “They are burnt out and Zoomed out,” she said. “There is the fear of infection and financial insecurity.”

The pandemic has compounded India’s economic challenges, with millions losing their jobs. The country’s economic output shrank by 24 per cent in the three months to June compared with the same period last year, the steepest fall among the world’s largest economies.

While casual labourers are beginning to pick up more work, middle-class professionals are still struggling.

Read it all.

print

Posted in Economy, Health & Medicine, India, Personal Finance, Psychology