Sunday, March 26th, 2023

The most dangerous survey came before the budget, 1 out of every 4 Indians is afraid of this

Photo: File Every one in four Indians surveyed concerned about threat of job layoff

Finance Minister Nirmala Sitharaman is going to present the country’s general budget on 1 February. The common people have high hopes from this budget which is coming amid fears of inflation, decreasing employment and recession. Talking about the year 2023, it has passed very badly in terms of jobs. From Google to Amazon, the world’s biggest companies are involved in a blind race of layoffs. The people of India are also afraid of this storm coming at the global level.

This fear of the people has come to the fore in a recent survey. According to the survey, one out of every four Indians in the country (25 per cent) is likely to lose their jobs, while three out of four (75 per cent) are worried about rising inflation. Despite this, about half of the people believe that the country’s economy will grow in 2023.

government should give tax rebate

This conclusion has been drawn in a survey by marketing data and analysis company Kantar. In the second edition of the ‘India General Budget Survey’, Kantar found that consumers are looking forward to the announcement of policy changes with respect to income tax, with the current basic income tax exemption limit of Rs 2.5 lakh being the most common expectation.

People’s trust on the development of the country

Kantar said, “On a macroeconomic level, most people’s thinking is positive. 50 percent believe that the Indian economy will grow in 2023, 31 percent feel that its pace will slow down. The perception in smaller cities is more positive than in metros with 54 per cent.” However, it added that the global economic slowdown and the possibility of a resurgence of the Kovid-19 outbreak are haunting Indians.

fear of losing job

According to the report, “Three out of four Indians are worried about rising inflation and want the government to take decisive steps to tackle it.” Fear. It is relatively higher in the affluent (32 per cent), in the age group of 36-55 years (30 per cent) and in the salaried class (30 per cent).

what to expect from the budget

In relation to what are the expectations from the upcoming budget, the survey found that consumers are expecting the announcement of policy changes regarding income tax. It said, “Most are expected to increase the basic income tax exemption limit from the current Rs 2.5 lakh. Besides, consumers want the cap on the highest tax rate of 30 per cent (from the existing Rs 10 lakh) to be increased. The demand for the former is highest among the salaried class at 42 per cent while the latter is higher among the businessmen/self-employed (37 per cent) and 36-55 years age group (42 per cent).

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Survey done in these cities

The survey was conducted from December 15, 2022 to January 15, 2023 among people in the age group of 21-55 years in 12 Indian cities (Mumbai, Delhi, Chennai, Kolkata, Pune, Hyderabad, Bengaluru, Ahmedabad, Indore, Patna, Jaipur and Lucknow). Interrupted. Dipendra Rana, Executive Managing Director (South Asia-Insight Division), Kantar said, “Indians are broadly positive about the country’s macroeconomic performance in 2023. He has faith in India’s growth.

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