Majority say Union Budget will push up monthly expenses

NEW DELHI: Indicating dim prospects, 60 per cent respondents in the IANS-CVoter Post Budget survey said this Budget will push up monthly expenses. However, 25.5 per cent respondents said it will them to save more, while 9.8 per cent said it will make no difference.

Some 44.1 per cent respondents in the IANS-CVoter Post Budget survey said quality of life in the next one year will deteriorate and 12.4 per cent said it will remain the same, while a healthy 39.7 per cent said quality of life will improve.

Some 46.6 per cent respondents in the IANS-CVoter Post Budget poll said that in the last year the overall quality of their life has deteriorated and 25.5 per cent said their quality of life has remained the same while 24.5 per cent said quality of life has improved.

To another question, 44.1 per cent respondents in the IANS-CVoter Post Budget said that prices (inflation) will not at all come down after this budget.

The IANS-Cvoter BUDGET INSTAPOLL was conducted right after the live telecast of the presentation of the 2022-23 Union Budget by Finance Minister Nirmala Sitharaman; interviewing approx 1,200+ randomly selected respondents across all demographics. Data weighted to known population profile. Margin of error is +/- 3 per cent at national level and +/- 5 per cent at regional level.

Some 26.7 per cent respondents said that prices may come down a little bit, while 22.6 per cent said prices will come down by a large extent, as per the survey. The Union Budget did not have any changes in personal income tax disappointing the middle class which has been struggling with lower incomes and higher inflation in the pandemic era.

Measures to boost private consumption are limited in the Union Budget. Personal income tax related measures such as tax cuts, hike in standard deduction, and higher MGNREGA spending would have made an immediate positive impact on consumption, Morningstar Investment Adviser India said in a report.

Prime Minister Narendra Modi has refused to succumb to electoral pressures as the Union Budget had no mention of populism or playing to regional galleries. (IANS)

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