Insurance uncertainties, big dents on the wallet: second wave grips life in India like a constrictor

Patients who contracted the coronavirus lie in beds while connected to oxygen supplies inside the emergency ward of a Covid-19 hospital on May 03, 2021 in New Delhi, India.

Synopsis

As India fights pandemic’s second wave, the impact has been more deep-rooted. Families’ budgets have been shaken and more unpleasant realities are coming to the fore. We interacted with 10 Covid-19 positive patients to understand and estimate the actual impact on discretionary spending, the possibility of job losses, and stress, if any, on small and medium scale businesses.

The second wave is expected to spare no one. Despite taking all the necessary precautions, keeping external interactions and movements to a bare minimum and hardly any socialisation, Covid-19 has hit a lot of my relatives and friends. I have witnessed more than 10 deaths in my close contacts. Covid-19 is everywhere. Any person you speak to has some or the other near and dear one who has either recovered, tested positive, or in extreme cases,

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