Since the outbreak of the corona virus epidemic globally, there were speculations that people’s spending would be reduced. Now the same has emerged in a survey. Most of the Indian people now spend less on their shopping or any experience than before.
Corona’s impact on economy cautious
A survey of Standard Chartered Bank Survey has revealed this information. 76 per cent of the people who participated in this survey said that due to Kovid-19, the economy has been affected, which is why they are spending thoughtfully.
Indians are positive about online shopping compared to the world
. A study was done in 12 markets around the world. This includes markets such as Hong Kong, India, Indonesia, Kenya, Mainland China, Malaysia, Pakistan, Singapore, Taiwan, UAE, United Kingdom and the United States. This is the second result of this study to be done in three parts. According to the survey, 74 percent of Indian people are looking positive on online shopping. However, globally this figure is only about 64 percent.
expected to cashless transactions in 5 years
topped another area where India this list is, it is about the cashless spending . 87 percent of the people participating in this survey say that there will be a sharp increase in cashless expenses in the coming 5 years. Whereas, globally, only 64 per cent believe this.
64 per cent of the people in India said that they have avoided taking any kind of travel or vacation as compared to before the Corona period. At the same time, 30 percent people have reduced the expenditure on their experience. Globally, this figure is 41 percent. On one hand only 56 percent people have shopped for new clothes. At the same time, this figure is 55 percent globally.
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