Canindia News

‘People trust India’s ability to fight health crisis, doubt on economic front’

New Delhi, April 24 (IANS) A TRA survey on Friday showed that consumers’ trust on India’s capability to fight the health crisis is high, but that on the economic wherewithal is low.

Consumers’ trust on India’s health ability to combat crisis is considerably high, at 73 per cent, which translates as ‘good’, while their trust on India’s economic ability to combat crisis is significantly lower at 63 per cent, showing that the fears of a long term financial and economic impact are prominent on the minds of the citizens, according to the white paper titled ‘TRA’s Coronavirus Consumer Insights 2020’.

“Surprisingly, while the health crisis recovery perceptions are high among Indians, the economic recovery perceptions are 10 per cent lower. Unless sufficient direct financial support from government to businesses are made, the economic prospects of India remain weak,” said N. Chandramouli, CEO, TRA Research.

“With the extended lockdown Indians feel insecure about their ecomomic future, as there seems to be no certainty of when this will end, or about how businesses will cope after this is over,” the white paper said.

According to it, the overall effectiveness of the lockdown decision across cities was at 91 per cent, with five of the 16 cities giving it above 98 per cent or ‘excellent’ score. However the overall implementation of the same across cities was much lower, at 74 per cent, it said.

In the ‘Family Worry Index’, the highest concern across cities was that the family may contract the disease (74 per cent), job or business loss was the second biggest concern (68 per cent), and delayed salary was third (62 per cent).

The survey was conducted across 16 cities with 902 urban citizens and delves into their perceptions, attitudes, worries, fears and expectations.

–IANS

rrb/vd

YOU MAY ALSO BE INTERESTED IN

Disney to lay off more employees

CanIndia New Wire Service

IIFL dealer, 5 others barred from securities market for front running

CanIndia New Wire Service

India can become AI laboratory of the world: NITI Aayog CEO

CanIndia New Wire Service

India needs to move beyond exporting raw materials: Goyal

CanIndia New Wire Service

Growth in data tariffs, broadband reach show move towards higher ARPU

CanIndia New Wire Service

Three pvt banks in TN, Kerala hit headlines for wrong reasons

CanIndia New Wire Service

Stimulus, healthy macros expected to lift markets (IANS Equity Outlook)

CanIndia New Wire Service

‘CIRP threshold against personal guarantors should be raised’

CanIndia New Wire Service

Unscathed: Pent-up demand more sustained, predictable now, says Kia India (IANS Special)

CanIndia New Wire Service

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

SUBSCRIBE TO OUR WEEKLY NEWSLETTER

Stay up to date with the latest news and exclusive offers directly in your inbox