Inflation Rate In India: Why were people forced to reduce expenses? | Jagran Business- Watch Video

Despite the fact that the Reserve Bank of India has provided some respite to the populace by not raising the repo rate this week, it has raised the interest rate by 2.5 percent since May of last year. not longer This has the result that 74% of the nation's population is concerned about their spending and savings and wants to do something about it.

More than half of Indians want to reduce non-essential spending like restaurant dinners and travel arrangements in order to control their expenses and save for inflation. According to the PwC Global Consumer Insights Pulse Survey research, 63 percent of Indians, or 6 out of 10, plan to cut non-essential spending during the next six months.

Most Indians are not able to manage everyday expenses

This report has been prepared by conducting 12 big surveys like Delhi, Mumbai, in which it has been said that more than half of the Indians are not able to manage their daily expenses due to rising inflation for the last 1 year, due to which they are in trouble. is happening.