Low income group consumers’ sentiments buoyant about Indian economy, says Home Credit India study

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Home Credit India, which is a part of global consumer finance provider Home Credit Group, has said that sentiments of the low income population in urban and semi-urban spaces are quite buoyant about the country’s economy.

The aim of the study is to understand the financial habits and sentiments of the consumers in the low-income strata within the urban and semi-urban areas. Image Courtesy: Reuters.

Home Credit India, which is a part of global consumer finance provider Home Credit Group, has said that sentiments of the low income population in urban and semi-urban spaces are quite buoyant about the country’s economy.

The company in its annual consumer survey ‘The Indian Wallet Study 2023’ found that with the economy growing, income levels have increased for 52 per cent of the low-income consumers last year. A total 76 per cent are expecting their incomes to rise in the coming year.

This has made the low income population buoyant about the country’s economy. However, despite the increase in their income the consumers are highly cautious when it comes to non-essential spending, the study said.

Home Credit India, which is a part of global consumer finance provider Home Credit Group, has said that sentiments of the low income population in urban and semi-urban spaces are quite buoyant about the country’s economy.

The aim of the study is to understand the financial habits and sentiments of the consumers in the low-income strata within the urban and semi-urban areas. Image Courtesy: Reuters.

Home Credit India, which is a part of global consumer finance provider Home Credit Group, has said that sentiments of the low income population in urban and semi-urban spaces are quite buoyant about the country’s economy.

The company in its annual consumer survey ‘The Indian Wallet Study 2023’ found that with the economy growing, income levels have increased for 52 per cent of the low-income consumers last year. A total 76 per cent are expecting their incomes to rise in the coming year.

This has made the low income population buoyant about the country’s economy. However, despite the increase in their income the consumers are highly cautious when it comes to non-essential spending, the study said.

Aug 9, 2023

Source : Zee Business

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