53% Indians Worried About Losing Their Jobs Amid COVID-19: Study

A recent study called 'Global Consumer Tracker' conducted by Deloitte showed that 53 percent of the respondents in India said that they were concerned about losing their jobs amid the COVID-19 crisis. However, the health of themselves and their family members occupied their minds more than job security and financial obligations.

According to the study, 71 percent of the 1,000 Indians polled said that they are worried about their health in the current situation and a larger percentage of 78 were concerned about their family's well-being.

Nearly half of them, that is 46 percent, said that they were not sure about making rent, credit card and EMI payments.

The study was conducted over multiple periods between 15 April to 19 May with 12,801 people from across 13 countries, 1,000 of whom were from India. Of the 1,000 Indians surveyed, 48 percent were aged between 18 and 34 years; 39 percent from 35-54 age group and the rest were above 55 years of age.

Interestingly, in the recent phase of the poll, of all the countries surveyed, India ranks highest on anxiety score at 36 percent who agreed that they felt more anxious than they did the previous week.

The spending behaviour among them has also changed dramatically due to the pandemic.

In poll showed that Indians prioritized to spend on groceries, household goods, healthcare, medicines and home/mobile internet (to work from home, online shopping and streaming entertainment) as they stayed indoors amid the pandemic.

Nearly 63 percent of them said that they have delayed large purchases that they would have otherwise made. On the wish list, owning a vehicle was popular but travelling to international destinations or for a holiday was placed much lower on the list.