Purchasing power of most Indians weakened in 2020

New Delhi, Jan 31 : With a massive impact of the coronavirus pandemic on businesses and people’s earnings, purchasing power of most Indians weakened in the past one year.
An IANS-CVoter pre-budget survey showed that 43.7 per cent respondents said that their income remained the same while expenses went up, while the income of 28.7 per cent respondents fell same but their expenditure rose.
Around 11.5 per cent said that both their income and expenditure increased last year.
For a minute 3.1 per cent respondents, their income increased, and the expenditure went down or remained the same.
Income of the common man, both salaried and non-salaried category, was severely impacted last year due to the pandemic.
Loss of livelihood and shutting down of businesses was widespread.