New Delhi : The general public of the country is much more troubled by inflation. Expensive prices ranging from soap to oil have broken the back of the countrymen. In this connection, marketing data and analytics company Kantar has recently conducted a survey. In this survey, the results of the fourth edition of the Union Budget Survey have been released. This survey gives information about the feelings and expectations of Indian consumers before the Union Budget presented on 1 February 2025. According to Kantar report, 59 percent of Indians are troubled by inflation. Let us know whether the general public can get relief from this time or not?
In the year 2025, a declining confidence and mixed emotion in the spirit of Indian consumers appear. Although 67 percent of Indians have admitted that the budget of 2024 can be according to their expectations, this number has been decreasing continuously since 2022. Due to the slow pace of GDP, hope about India's economic growth has also declined.
Focus on encouraging economic growth
Relief in Indian Consumer Income Tax, increased exemption limit of medical insurance and measures to deal with inflation are being demanded. However, concerns about misuse of AI and financial security are increasing. Concerns about economic recession due to global challenges have reduced in comparison to last year. Most people hope from this time the budget that the year 2025 will focus on encouraging economic growth by implementing the Union Budget Protectionist Policy. This can cause challenges like continuous development, employment generation and high cost of life.
Special things of this survey
67 percent of Indians believe that the upcoming budget can prove to be a standing on their expectations. However, the figures of people with positive thinking about it have decreased significantly in the last 2 years. This figure has come down from 73 percent to 70 percent in the year 2022. Due to which it has become clear that over time, the consent of the public on the budget also shows the decline.
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India's GDP has recently declined, India's GDP is 6.4 percent at this time. Due to this decline, 53 percent believe that India's economy can now grow much faster than in previous years, but according to data it has decreased by 57 percent for the year 2024.
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