Inflation has hit hard, there is no money left to spend, so much effect in India

Inflation in India may have eased during the recent few months, but it still has not reduced the bother of the people. A recent survey shows that about 40 per cent of Indians have lost their disposable income in the last 12 months due to high inflation. However, it is a matter of relief that compared to other countries, the decline in India is less.

Earnings of people have decreased all over the world

According to a survey by YouGov, people from 18 countries participated in this survey and 50 percent of them said that their disposable income has declined due to high rates of inflation. Although the income of some people has also increased during this period. According to the survey, around 25 per cent of the people globally talked about increasing disposable income in the last one year, whereas in India only 14 per cent of such people did.

What is disposable income

Disposable income is that part of the income that is left with a family after paying taxes and other expenses including house rent and fuel expenses. Inflation has a direct impact on disposable income, because with the increase in inflation, the expenses of house and fuel also increase immediately.

Most affected in these countries

According to the survey, disposable income has declined in all the 18 countries where people participated. Its effect has been maximum in Britain, because 65 percent of the people there believe that their disposable income has decreased, while 20 percent of the people have talked about increasing it. Similarly, 58 percent of Canada, 55 percent of France and 54-54 percent of people in Denmark, Poland and Sweden have talked about a decline in disposable income.

Indians worried about future

Talking about India, people are more worried about the coming months than the last 12 months. 66 percent of the people who participated in the survey from India are worried about the expenditure in the coming time, while 62 percent of the people globally are worried about this.

Changing way of shopping

With time, the way of shopping of Indians is also changing. According to the survey, 45 per cent Indians compare prices online and in-store and use discount coupons to take advantage of cheaper purchases. And 42 per cent say they wait for sales, while 40 per cent Indians turn to cheap shops to keep their expenses under budget.

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