Page 67 - IMDR EBOOK 20 OCT 2020

"Pandemic and Beyond: Naviga ng the New Normal" E - Book Year 2020

28% of the respondents do not expect any change in the saving/investment pattern as
compared to Pre- Covid 19, whereas 15% respondents plan to follow the forced
saving/investment pattern which emerged in post pandemic times, in future. For ease of
understanding the timelines were divided into Short Term ( No impact – upto 3 months),
Medium Term (3-6 months), Long term (More than 6 months) & it has been found that,
65% of the respondents expect Nil to Short term continuity of changes in their
Saving/Investment pattern & about 21% respondents expect the change in their
Saving/Investment pattern to stay long term.

Findings
1. Changes in Income – The researcher wished to understand the changes
happening in the income of respondents. It was found that, there certainly has been a
reduction in income, but the degree differed according to the type of occupation. For
Entrepreneurs, 68% of the respondents have already faced reduction in income &
another 28% expect it to happen soon. As predicted by many, the self-employed urban
population is taking more economic hit due to Covid 19 than their salaried counterparts.
For Salaried individual, 55% have either received information about reduction in salary
or expect it to happen soon, which denotes that their employer organization is also facing
nancial difculty due to Covid 19. Prime Minister of India has urged the employers, to
not lay off employees or deduct their salaries & some of the industries seem to have
responded to the same, as 45% of the salaried respondents do not expect any pay cut.
The reduction in income will also vary according to the industry, but in general, all the
sectors are impacted.

2. Present Expenditure & Expected Changes - It was found that 78% of the
respondents have faced at least slight change in their expenditure. While majority of the
respondents reported to spend between INR 10,000 to INR 40,000 monthly, excluding

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