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Across Indian cities, car, house purchase plans take backseat


Across Indian cities, car, house purchase plans take backseat
Representational image (Photo: HT)
Ankita Barthwal,
Satyam Shukla
Most people saved money as cash or cash-like liquid instruments rather than in long-term deposits or investments which offer higher return, the latest YouGov-Mint-CPR Millennial Survey shows
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The ongoing economic crisis has taken a heavy toll on personal finances of Indian citizens. Many have dipped into their past savings to meet monthly expenses, and many haven’t been able to repair household balance sheets, or plan for the long term. The preference for cash and cash-like instruments, such as savings accounts, went up sharply in urban India, while the appetite for long-term investments and big-ticket purchases, such as cars and houses, declined. ....

France General , City Of , United Kingdom , Ankita Barthwal , Satyam Shukla , Tata Institute Of Social Sciences , Air Canada , Centre For Policy Research , Policy Research , Mumbai Based Tata Institute , Join Mint , பிரான்ஸ் ஜநரல் , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , அன்கிட்ட பார்த்வால் , சத்யம் சுக்லா , டாடா நிறுவனம் ஆஃப் சமூக அறிவியல் , அேக கனடா , மையம் க்கு பாலிஸீ ஆராய்ச்சி , பாலிஸீ ஆராய்ச்சி , மும்பை அடிப்படையிலானது டாடா நிறுவனம் , சேர புதினா ,