Due to inflation, the 'disposable income' of 40 percent Indians has decreased

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Ahmedabad. 21

In the post-coronavirus phase, the world including India was gripped by inflation. The global economy was hit hard by inflation. Another recent survey shows that inflation has forced changes in people's income and spending patterns as well as investment-spending patterns.

High inflation affected the disposable income of about 40 percent of urban Indians in the last 12 months. Generally speaking, disposable income is the net amount left in your hands to spend or invest after taxes-cesses, household expenses-fuel expenses charged by the government or other parties against your total income.

In a survey conducted in 18 markets globally by RRP (Yugav), 50 percent of consumers said that higher inflation has resulted in a net reduction in their disposable income. About 25 percent of the more than 1,000 respondents in urban India saw a net increase in their income, compared to only 14 percent globally.

In the last 12 months, all 18 registered countries have seen a net decline in disposable income compared to a year ago. The biggest declines have been seen in Europe and Canada. Great Britain saw the biggest drop in disposable income, with around 65 per cent responding positively to the drop in income, and 20 per cent of Britons reporting no change in income.

Canada (58 percent) and France (55 percent) top the list, and Denmark, Poland, and Sweden all saw a 54 percent drop in disposable income. 42 percent of Hong Kong, 36 percent of Germany and 35 percent of Spain showed stable disposable income while 20 percent reported an increase in income.

Meanwhile, 66 percent of people surveyed in India are worried about their future spending. This is slightly higher than the global average of 62 percent. Italy, Poland and Spain have the highest anxiety ratios, with more than three-quarters of consumers concerned about the impact of inflation on their spending power. In contrast Denmark, China and Sweden are the least concerned. According to a survey, the decline in the country was the lowest compared to other international markets.


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