How household incomes were affected by Covid

In 49 days from now, finance minister Nirmala Sitharaman will present the Union Budget. As the budget preparations are underway, there are mixed signals on the economy. At 8.4%, GDP growth in the quarter ending September exceeded estimates. However, other indicators such as RBI’s Consumer Confidence Index are still in red. Even the private consumption component of GDP remains below pre-pandemic levels. What these numbers suggest is that the post-pandemic recovery has been uneven.