Even as there is a significant increase in the number of people worrying over their household income, the country’s healthcare system and being around strangers between March and June, Indians are second only to Chinese in terms of optimism over the financial situation in future, according to a survey.
The survey conducted by the U.S.-headquartered data platform Dynata in the week starting June 1 showed that nearly 60% respondents from India said they were extremely, very or somewhat optimistic about their financial situation in the future.
In comparison, the number stood at
- 69% for China
- 24% for Japan
- 35% for Singapore
- 21% for Australia
- 51% for Canada
- 32% for France
- 35% for Italy
- 42% for the U.K.
- 55% for the U.S.
Extremely worried about household’s financial position
However, when asked about how worried they are about their household’s financial position given the coronavirus outbreak, 71% respondents from India said they were extremely worried or very worried in the week beginning June 1, as opposed to 58% respondents in the week starting March 16, a few days before the nationwide lockdown began.
During the June 1 survey, 72% respondents said they were very worried or extremely worried about healthcare systems being able to cope (up from 63%), while 78% said they are worried about being around strangers (up from 63%).
Further, 51% respondents said they strongly agree that the government is taking the right steps in the week of March 16 as against 54% in the week of April 13, 51% in the week of May 18, 52% in the week of June 1.
Asked when they think the outbreak will be over, and life will return to normal,
- 22% respondents said within a month
- 17% said within two months
- 21% answered six months
- 10% said within a year
- 6% believed it may take more than a year
The survey was conducted weekly beginning on March 16 in 13 countries, including the U.S., Canada, the U.K., France, Germany, Netherlands, Italy, Spain, Australia, India, Japan, Singapore and China, with approximately 3,000 participants in each country.