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Debt and Despair: Exploring the Factors Pushing From Debt to Suicide During the Covid-19 Pandemic in India
1Alliance School of Liberal Arts, Alliance University, Bengaluru, India.
Abstract:
The COVID-19 pandemic has had far-reaching effects on the economies and societies of countries worldwide. In India, debt levels among individuals have risen due to job losses, reduced income, financial loss and the burden of COVID-19 treatment. This paper has examined the relationship between debt and despair which turns into suicide during the COVID-19 pandemic in India. Researcher applied 'stress theory' to explore various factors which increased stress and despair during the first and second waves of COVID-19 in India. This paper is a qualitative study and has applied content analysis as a method and has collected 75 cases of COVID-19-related debt and suicide between March 2020 and December 2022, including reports from government agencies, academic articles, media coverage, etc. Finding of this study reveals that during COVID-19 in India many people committed suicide due to job losses, reduced income, financial loss and COVID-19 treatment which increased debt among them.
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