IMPACT OF COVID-19 ON PERSONAL DEBT OF STREET VENDORS IN ROURKELA CITY: A LOGISTIC REGRESSION APPROACH

Abstract

Undoubtedly covid-19 amidst lockdown has impacted millions of people across the world and various sectors altogether, the informal sectors are mainly affected as more than 60 percent of the workforce are engaged in the informal sector. Street vendors also fall under the category of informal sectors also got affected due to covid-19 and lockdown. The policy of work from home does not apply to them as they are the daily bread-earners, they spent on living what they have earned in a day. This paper focuses on studying the impact of Covid-19 on the personal debt of street vendors during the lockdown period. Using the Logistic regression technique, the impact of Covid-19 on the income of street vendors has been studied. The data mainly used in the study are primary and were collected from street vendors, fruits vendors, and vegetable sellers which were later analyzed by applying logistic regression and using E-views. It is found from the study that there is a significant impact of Covid-19 on increasing the personal debt level of the street vendors. KEYWORDS: Covid-19 Pandemic, Lockdown, Street Vendors, Personal Debt