Nearly half of them had difficulty in maintaining their monthly savings and investment targets. As some economists had anticipated, precautionary savings went up in the post-lockdown period. Among respondents earning less than ₹20,000 a month, the share of those who were not able to save anything at all went up this year. Compared to the same period last year, fewer respondents said they intend to purchase a car or a house in the coming year. Among respondents earning less than ₹20,000, the responses were split along the middle.

Source: Mint December 26, 2020 02:46 UTC