Covid squeezed the incomes of about 97 per cent of Indians. Only the super-rich were spared, Mahesh Vyas MD & CEO of the Centre for Monitoring Indian Economy (CMIE), tells Lola Nayar. Even though the jobs are coming back, incomes are not rising. Edited excerpts from the interview:
You say Covid adversely impacted incomes of 97 per cent of the population. Which sections were hit the worst?