{"id":43054,"date":"2021-07-22T06:24:00","date_gmt":"2021-07-22T10:24:00","guid":{"rendered":"https:\/\/www.shortform.com\/blog\/?p=43054"},"modified":"2021-07-25T15:34:54","modified_gmt":"2021-07-25T19:34:54","slug":"indias-economic-collapse","status":"publish","type":"post","link":"https:\/\/www.shortform.com\/blog\/indias-economic-collapse\/","title":{"rendered":"The Impact of India&#8217;s Economic Collapse on Annawadi"},"content":{"rendered":"\n<p>How did India\u2019s economic collapse in 2008 affect the residents of <a href=\"https:\/\/www.shortform.com\/blog\/annawadi\/\">Annawadi<\/a>, according to the book <em><a href=\"https:\/\/www.shortform.com\/blog\/behind-the-beautiful-forevers\/\">Behind the Beautiful Forevers<\/a><\/em>? What did the residents do to survive?<\/p>\n\n\n\n<p>India\u2019s economic collapse heavily affected sectors like construction and hospitality which resulted in fewer jobs for Annawadi\u2019s residents. Hungry residents started eating rats and frogs, while some like Sunil survived by stealing.<\/p>\n\n\n\n<p>Read on to learn more about the devastating impact of India\u2019s economic collapse on Annawadi\u2019s residents.<\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The 2008 Global Recession<\/strong><\/h2>\n\n\n\n<p>By 2008, the great recession had begun in the U.S. and started to affect the livelihoods of Annawadi residents in numerous ways. Meanwhile, the court began the trial of Kehkashan and Karam, but it was a long process.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>India\u2019s Economic Collapse Felt in Annawadi<\/strong><\/h3>\n\n\n\n<p>India\u2019s economic collapse affected the local economy of Annawadi in complex ways. As the U.S. stock market collapsed, and other markets lost value, it meant there was less money from foreign investors being channeled into development projects in India. This resulted in fewer construction jobs available at the airport as well as in related businesses like hotels and parking garages.&nbsp;<\/p>\n\n\n\n<p>India\u2019s economic collapse also affected the price of scrap metal. This meant that trash pickers couldn\u2019t earn as much for collecting the same kinds of materials. At first, the trash pickers thought things would pick up with the start of the tourist season. In November, Indians from abroad visited for the Hindu festival Diwali, people from the U.S. and Europe visited during December, and Chinese and Japanese tourists visited through January, producing more trash to collect and sort.&nbsp;<\/p>\n\n\n\n<p>But around the same time that Annawadians started to feel the effects of India\u2019s economic collapse, terrorists began carrying out attacks around Mumbai. They targeted places that served tourists, such as hotels, train stations, and taxis.<strong> The slum dwellers realized the tourist season they were hoping for wasn\u2019t going to materialize because people wouldn\u2019t want to travel to a city besieged by terrorism.<\/strong> Many slum residents, unable to afford enough food, had to eat rats and frogs again.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Thievery: Sunil\u2019s New Line of Work<\/strong><\/h4>\n\n\n\n<p>To continue to earn a living while the economy suffered, Sunil joined a group of boys who stole metals from construction sites around the airport. The group searched for nickel, electroplate, and aluminum because these were the most profitable metals. Almost everything else had fallen in price.<\/p>\n\n\n\n<p>Once, Sunil was caught searching for metal and was beaten by a constable. He worried about being murdered like Kalu if he weren\u2019t careful. One place he frequented for metals was an under-construction parking garage. He liked watching the people of higher classes coming to and from the airport from the roof of the garage. <strong>Though he used to think that he might surpass his current socioeconomic status and join a different class of people in Mumbai, he wasn\u2019t so sure now.<\/strong><\/p>\n\n\n\n<p>Occasionally, he and Abdul talked about their quality of life. Both boys agreed that even if they had a bad life, there was still value in being alive. Abdul learned this when Zehrunisa beat him once: He realized that even if she continued to beat him every day, he would still have a life.<\/p>\n\n\n\n<p>Sunil thought that if he, like Kalu, were to die, it wouldn\u2019t matter to people in the higher classes in Mumbai. However, he thought that valuing his own life counted for something, even if others didn\u2019t value it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How did India\u2019s economic collapse in 2008 affect the residents of Annawadi, according to the book Behind the Beautiful Forevers? What did the residents do to survive? India\u2019s economic collapse heavily affected sectors like construction and hospitality which resulted in fewer jobs for Annawadi\u2019s residents. Hungry residents started eating rats and frogs, while some like Sunil survived by stealing. Read on to learn more about the devastating impact of India\u2019s economic collapse on Annawadi\u2019s residents.<\/p>\n","protected":false},"author":10,"featured_media":11482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81,39,24],"tags":[432],"class_list":["post-43054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","category-history","category-society","tag-behind-the-beautiful-forevers","","tg-column-two"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Impact of India&#039;s Economic Collapse on Annawadi - Shortform Books<\/title>\n<meta name=\"description\" content=\"How did India&#039;s economic collapse affect the residents of Annawadi? 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