Abstract
COVID-19 has caused economic shock across the world for taking lockdown. Currently, India has facing a negative GDP growth rate. The economy of West Bengal has been affected a lot because of the strict implantation of lockdowns and also faces natural disasters. Unemployment went up to nearly 24 percent and 18 percent in India and West Bengal respectively in April 2020. The paper aims to investigate the impact of covid-19 pandemic on households’ income, consumption and savings. We have conducted a primary survey on 100 households in a small village in the Hooghly district in West Bengal, India, during the month of October 2020. The study reveals that both income and consumption of households has decreased but income decreased more than the consumption expenditure. The study also found overall consumption expenditure decreased but food expenditure increased, that’s why people have broken their savings for maintaining food expenditure during this situation.
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