Every One Of Four Indians Concerned About Job Layoff: Survey

New Delhi
Every one in four Indians is concerned about the threat of job layoff, while three out of four are worried about rising inflation. Yet, according to a marketing data and analytics firm Kantar survey, half of them believe the country's economy will grow in 2023. In its second edition of the India Union Budget survey, Kantar found that consumers expect an announcement in policy changes concerning income tax, with increasing the basic income tax exemption limit from the current Rs 2.5 lakh being the most common expectation.
At a macroeconomic level, most have a positive outlook—50 per cent believe that the Indian economy will grow in 2023 as against 31 per cent who feel there will be a slowdown. Non-metros at 54 per cent are more optimistic as compared to metros, Kantar said. However, it said the global economic downturn and a potential resurgence of COVID-19 are critical areas of worry for Indians. Three out of four people are worried about the rising inflation and want the government to introduce decisive measures to tackle the same, it added.
Further, Kantar said, Everyone in four Indians is also concerned about the threat of job layoff. This is relatively higher in the affluent (32 per cent ), older 36–55 year-olds (30 per cent) and salaried classes (30 per cent). Regarding expectations from the upcoming Budget, the survey found that consumers expect an announcement of policy changes concerning income tax.