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Budget 2023: Price hike biggest cause for concern for most people, job-loss comes next

A rise in the basic exemption limit in income tax from Rs 2.5 lakh is the most common expectation among consumers, especially the salaried class, followed by the increase in the threshold limit of highest tax slab rate of 30 percent

January 29, 2023 / 08:13 AM IST
Finance Minister Nirmala Sitharaman will present Budget 2023 on February 1.

Finance Minister Nirmala Sitharaman will present Budget 2023 on February 1.

Ahead of the Union Budget 2023, the mood of the nation is one of cautious optimism because of a looming global economic slowdown and a potential resurgence of Covid-19.

Three out of every four persons are worried about the rising inflation and want the government to introduce decisive measures to tackle it in the upcoming Budget, according to a survey by marketing data and analytics company Kantar.

One in ever four Indians is also concerned about job-losses. This is relatively higher in the affluent class, amid people in the age group of 36–55 and salaried class.

The survey, which maps consumer sentiments and expectations from the Union Budget 2023, was conducted among 1,892 consumers who represented a mix of salaried and business owners as well as mass and affluent class.