About 70% Indians increased savings & investments post covid: InterMiles Survey Report..!
About 70% of Indian consumers have
increased savings & investments post the onset of covid-19 pandemic,
according to the ‘Consumer Spending Sentiment Index Report’ by InterMiles.
"Given the uncertainty and
suddenness of the global pandemic, nearly 70% Indians have now placed greater
emphasis on securing the future by increasing investments and savings,"
the InterMiles report said.
The report is based on responses
received from nearly 11,500 people across India.
Change in personal spending behavior
Pandemic has brought a change in
personal spending behavior of almost every Indian consumer, according to the
study.
Only a mere 10% of the respondents
saw no change in their spending behavior.
Spending priorities have also
changed.
While about 21% of consumers
increased spends on essential products, non-essential spending saw a negligible
(3%) increase post the advent of the pandemic.
The rise in savings &
investments is evident in other reports as well.
No comments:
Post a Comment