More than 10 million people have migrated from urban to rural areas in the country for loss of work and income during the peak of the Covid-19 pandemic, Dr Abul Barkat, an economist, has said.
Around 50 per cent of the migrated people would not return, he said.
The number of new types of poverty has increased and marginal, lower-middle-income groups have been struggling with this type of poverty while the income of the upper-middle-income group has risen despite the pandemic situation, he added.
The economist said this on Wednesday while he was addressing a press conference on the 21st Biennial Conference-2021 of Bangladesh Economic Association (BEA) at the BEA office in Eskato Garden.
Prof Barkat, also president of BEA, said the BEA survey and research found that more than 10 million people migrated from urban to village areas losing their survival capital of business or jobs, of which 50 per cent would not go back to the big cities again.
He said there are 68.20 million workforce in the country of whom 85 per cent are working in the informal sector or self-employed and they were hardest-hit by the adverse impact of the pandemic.
He suggested Tk 0.20 million to Tk 0.30 million are given per head to the self-employed people for starting their work or owning small businesses again to make the economy vibrant.
Criticizing stimulus loan disbursement to the large industries, Prof Barkat said they are capable of surviving while mostly affected small sectors were deprived of stimulus for overlapping documents.
Many big companies have misused the stimulus loan and the small sector entrepreneurs are still rushing at banks for loans to survive. Such behaviour has widened discrimination in society, he said.
He warned that different forms of anarchy will emerge in the country due to widening discrimination and poverty.
The BEA conference is scheduled to be held on December 24-25 at the Institution of Engineers Bangladesh with the theme “Impact of COVID-19 and human Development.’
Noted economist Prof Rehman Sobhan, member of 1st planning commission, will inaugurate the conference as the chief guest.
‘Mujib Gold Medal’ will be awarded at the conference to Prof Abul Barkat for his extraordinary contribution to economic science.
General Secretary of BEA Dr. Jamal uddin Ahmed and AZM Saleh, joint convener of the conference committee also spoke at the press conference.