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More Indians losing confidence in a better quality of life Under Modi, survey reveals
A recent survey indicates increasing concerns about stagnant wages, rising expenses, and economic uncertainty.
Declining Optimism for the Future
More than 37% of respondents expect the overall quality of life to worsen in the next year, the highest level of pessimism recorded since 2013.
Impact of Inflation on Households
Persistent food inflation has strained household budgets, reducing purchasing power. Nearly two-thirds of those surveyed believe prices have risen unchecked, and more than half say inflation has negatively affected their quality of life.
Stagnant Incomes, Rising Expenses
Almost half of respondents report that their income has remained unchanged while expenses have increased. Two-thirds say rising costs are becoming difficult to manage.
Slow Economic Growth and Job Market Challenges
Despite high GDP growth, job opportunities remain insufficient, particularly for young workers. A $24 billion job creation plan announced last year has yet to be implemented.
Expectations from the Upcoming Budget
With economic concerns mounting, many anticipate measures to boost disposable incomes, create jobs, and address inflationary pressures.
“More Indians losing confidence in a better quality of life Under Modi”