Income

Low, middle and high income groups tend to agree mostly on budget

New Delhi, February 5 (IANS): It is widely believed that different income groups, given their often very diverse economic circumstances, tend to have conflicting reactions to budget proposals.

But a national IANS-CVoter Post Budget survey shows remarkable conformity and unanimity among different income groups when it comes to reactions to various budget proposals and their views on the economy.

There are some differences, of course, but much less than you would normally expect. This applies to both positive and negative feedback.

For example, when asked if the current budget is pro-poor, 45.6% of low-income groups said no, while 50% of the high-income group echoed the same sentiment. The middle income group was the most vocal with around 57% saying not at all. It was negative.

There was an apparent unanimity even in the positive responses. When asked if the latest budget would strengthen the economy, 31.9% said yes to a large extent, while 34.1% of the high-income group agreed. In the middle-income group, only about 25% said yes to a large extent.

When asked what they thought of the proposal to build 80 lakh new houses under Prime Minister Awas Yojana, 51% of the low-income group rated it as a very good move, while around 56% middle-income group also said the same. . Surprisingly, 60 percent of the high-income group agreed with them.

There were also differences, in the expected sense. The most important concerned (unemployment). When asked if the budget would boost jobs, 62% of low-income respondents disagreed, while an even higher 64.5% of middle-income respondents disagreed.

The figure was slightly over 50% for high income groups. But it should be noted that a majority of high-income groups see no immediate increase in employment.