India has been hit hard by the pandemic, particularly during the second wave of the virus in the spring of 2021. Swati Dhingra and Maitreesh Ghatak reveal how the largest drop in GDP in the country's history may still underestimate the economic damage experienced by the poorest households.

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22 February 2022     Paper Number CEPCP619

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This CentrePiece article is published under the centre's Trade programme.

This publication comes under the following theme: Inequality: Winners and losers