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Pandemic thoughts to assist poor in India: being a helper in your community

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Date
2021
SDG:
../../../../assets/images/goals/E_WEB_01.pngGoal 1
Abstract
COVID-19 is a black swan event that has turned back the global poverty clock. Millions have lost their jobs overnight and have no way to find employment due to the lockdown measures taken to adequately deal with the pandemic and save the humankind from being extinct. The first case of COVID-19 in India was reported on 30 January 2020 and on 24 March 2020, the Prime Minister of the country announced that the country is going for full lockdown. This caused disruption in all major economic activities and led to increase in unemployment causing extreme poverty as no immediate financial helping hand was offered to them. According to the International Labor Organization (ILO), it is expected that 400 million people in India risk falling into poverty due to disruption in economic activities caused by the lockdown measure taken to control the pandemic.
Keywords
COVID-19 , Economic disruptions , Islamic social finance , Poor , India
Citation
Muneeza, A. (2021). Pandemic thoughts to assist poor in India: being a helper in your community. Indian Centre for Islamic Finance (ICIF) Newsletter, 6-9.
Publisher
Indian Centre for Islamic Finance (ICIF)
DOI
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