Tuesday, October 20, 2020
Home Business finance Middle Class Not Thrilled, but Optimistic: Post-Budget Survey

Middle Class Not Thrilled, but Optimistic: Post-Budget Survey

The survey, conducted on Saturday immediately after the budget presentation by Sitharaman concluded, had a sample size of 1,200 respondents from all demographies

While being hailed as pro-farmer, the Union Budget 2020 presented by Finance Minister Nirmala Sitharaman on Saturday has failed to capture the imagination of the middle class, findings of the IANS-CVoter post-budget poll indicate.

The poll compiled people’s responses to a series of questions aimed at measuring popular perception about the Union Budget in the context of issues such as the economy and employment.

Yashwant Deshmukh of CVoter told IANS: “People are fearing that monthly expenses are going to go up. Less of savings, more of expenses. More or less, people are satisfied.”

Net approvals ranged from a low of 10.7 on the budget’s ability to boost employment in the country, to a high of 44.1 on the pro-farmer initiatives undertaken in the budget.

The net rating for sentiment on improving the economy hovered at 31.8 per cent.

Savings and investments have become crucial parts of our lives, especially when the inflation and rising costs of living are concerned. Here comes the budgeting to force-fit several costs towards regular needs- from clothing to food, from education to other lifestyle stuff under insurance. Pixabay

Interestingly, the budget was perceived as pro-poor by 27.5 per cent, pro-capitalist by 24.9, and pro-middle class by 20.1 per cent of respondents.

The poll results show that the government’s social welfare initiatives in the form of several schemes are gaining traction with the lowest net approval ratings measured at 34.5 per cent for the government’s plan to operate 150 private trains.

The government’s plans to eradicate tuberculosis (TB) from the country by the year 2030 received the highest net approval ratings of 79.9 per cent.

Also Read: 2,829 New Cases of Coronavirus in China, 57 New Deaths: Report

The respondents were posed queries on 13 social welfare schemes that focus upon water supply to homes, establishment of hospitals in district headquarters in private-public mode, FDI in education, solar pump schemes for farmers, increase in income tax exemption limits etc.

The survey, conducted on Saturday immediately after the budget presentation by Sitharaman concluded, had a sample size of 1,200 respondents from all demographies. (IANS)



Most Popular

Facebook’s Watch Option Now Has New Features

Facebook has introduced some exciting features in its video-on-demand platform Watch that is being visited by over 1.25 billion people every month. Facebook Watch is...

LG Electronics Releases World’s First Rollable TV

LG Electronics on Tuesday released the world's first rollable TV in South Korea at a jaw-dropping price of $87,000 (about Rs 63.9 lakh) as...

Top 5 Causes Of Stress And How To Avoid Them

By Edward Roesch Stress has become an inevitable part of our everyday lives. Whether it is your job, school, or home responsibilities, the unpleasant feeling...

1 in 3 Indian Call Centres to Permanently Switch to Work From Home

Signalling the future of work in the pandemic times, nearly one in three call centres (27 per cent) in India will switch permanently to...

Here’s How You Can Improve Both Physical and Cognitive Health

Daily exercise, along with nutrient-enriched beverages, can do wonder with improving both physical and cognitive health, researchers have discovered. While exercise alone improved strength and...

Microsoft Set to Release New AI-Based Noise Suppression Tool in Teams

As more and more people work from home and at times have no control over jarring sounds in the background, Microsoft is set to...

Why President Trump and PM Modi are so Fiercely Opposed by the Left and Islamists

By Maria Wirth “Í prefer Trump to Hillary”, I told a German friend in the run up to the US elections in 2016. There was...

Hackers Imitated Microsoft the Most in Q3 2020: Report

Hackers imitated Microsoft the most to lure people into giving up their personal data or payment credentials in the third quarter of this year,...

Recent Comments