New Delhi, June 26 -- Though the economy is gradually opening up, the financial distress that most households face is far from over.
According to a study on consumer sentiment during covid-19 conducted by Generali, an Italy-based global insurance and asset management company, about 80% of the working class in India has experienced loss of income and over 90% of them are preparing for more hardship in the future.
The fear and anxiety is real. "Even government employees are worried about a reduction in salary. Professionals such as doctors too are seeing a dip in income. Self-employed are the worst hit. It could take a few years for normalcy to return, so this is the time for a reality check," said Melvin Joseph, a Sebi-registered investmen...