India Union Budget Survey 2023: Job layoff is going on in big tech companies all over the world. These companies are showing the way out of their jobs to hundreds of employees. 1 out of every 4 Indians is worried about job loss. On the other hand, 3 out of 4 Indians are worried about rising inflation. At the same time, about half of the people believe that in 2023 the country’s economy can grow. A big disclosure has been seen in a survey by Marketing Data and Analytics Firm Kantar. Know what is the survey, and what has been concluded in it..
Revealed in the budget survey
Firm Kantar has revealed in the second edition of India’s General Budget Survey-2023 (Indian Economy Grow). It has been found that policy changes can be announced in relation to consumer income tax. In this, the limit of income tax exemption can be increased from the existing Rs 2.5 lakh. According to the survey, at the macroeconomic level, the thinking of most people is still positive.
Indian economy will grow in 2023
According to the Kantar survey released in media reports, 50 percent people believe that the Indian economy will grow in this year 2023, 31 percent feel that its pace is expected to slow down. Smaller cities are more positive than metros with 54 per cent. The fear of global economic recession and the outbreak of Covid-19 (Covid-19) is troubling Indians a lot.
3 out of 4 worried about inflation
On the other hand, according to the report, 3 out of 4 people are worried about rising inflation. They are thinking of taking several decisive steps to deal with it. 3 out of 4 Indians are afraid of losing their jobs. It is significantly higher in the rich class (32 percent), in the age group of 36-55 years (30 percent) and in the salaried class (30 percent).
what are the expectations from the budget
According to the survey, the general public is expected to announce policy changes in income tax. Most are expected to increase the basic income tax exemption limit from the existing Rs 2.5 lakh. There is a demand from the people that the limit of the highest tax rate of 30 percent (from the existing Rs 10 lakh) should be increased. The first demand has been highest in the salaried class at 42 per cent. The same expectation is higher among businessmen/self-employed (37 per cent) and 36-55 years age group (42 per cent).
Survey done in 12 cities
Kantar Executive Managing Director Deepender Rana (Deepender Rana, Kantar Executive Managing Director- South Asia) says that the survey was conducted across 12 Indian cities (Mumbai, Delhi, Chennai, Kolkata, Pune, Hyderabad, Bengaluru, Ahmedabad, Indore, Patna, Jaipur and Lucknow) between December 15, 2022 and January 15, 2023 among people aged 21-55 years. In this survey, the thinking of Indians is largely positive about the country’s comprehensive economic performance in 2023. He has faith in India’s growth.
Inputs in this news have been taken from the agency.
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