Daijiworld Media Network - New Delhi
New Delhi, Jan 29: A C-Voter survey report has revealed that a majority of Indians have lost hope and feel disillusioned about their future under prime minister Narendra Modi’s administration, citing stagnant incomes and the rising cost of living.
The pre-budget survey, conducted by the organization, recorded responses from a wide range of individuals. Over 37% of respondents expressed concerns that the standard of living for ordinary citizens is likely to worsen in the upcoming financial year. This is the highest level of pessimism recorded since 2013, according to C-Voter. The nationwide survey included 5,269 participants.
The report highlighted that soaring food prices have severely impacted household finances across the country. As a result, India, which is poised to become the world’s fifth-largest economy, is expected to experience slower growth over the next four years.
Two-thirds of the survey respondents stated that the prices of essential goods have risen significantly since Narendra Modi became Prime Minister. They noted that inflation is negatively affecting the quality of life for many.
The report suggested that in the upcoming budget, prime minister Modi might introduce measures to boost the economy, increase incomes, and address the concerns of the middle class.
However, the survey also pointed out that over the past year, personal incomes have remained stagnant while expenses have risen sharply. This has made it increasingly difficult for people to manage their daily lives amid rising prices.
Despite the global economic slowdown, India’s job market has shown resilience. As a country with a large youth population, significant employment opportunities are being created, ensuring a steady flow of income for many. In the previous budget, the government announced plans to allocate Rs 2 lac crore over the next five years for various employment generation schemes. However, the report noted that these plans have yet to be implemented, causing delays in addressing unemployment concerns.