Impact of Covid-19 on Personal Finance of Gulf Returnees in Kerala

Abstract:

 Kerala Gulf migrants are the backbone of the state and their sweat brings development. Due to the COVID-19 pandemic, overall gulf migrant’s financial position was down streamed and urge many to return home. This paper tries to find the impact of COVID-19 on their income, consumption pattern, savings, and investment. 150 Gulf returnees were selected through random sampling from the Ernakulam district. Primary data was collected using a questionnaire. Percentage analysis, Chi-square test for goodness of fit, and correlation were used for data analysis. Findings show a decrease in income and savings of most returnees and they spend largely for accessing health care facilities.

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