56% Indians Believe Country Will Be A Developed Economy In 25 Years

According to the Axis My India August Consumer Sentiment Index (CSI) survey, around 56 per cent of Indians believe that India will be a developed economy in 25 years. The survey reveals that 34 per cent citizens want the government to combat inflation, while 28 per cent seek improvement in employment opportunities. Moreover, a majority of 44 per cent believe that their living standard has improved in the last few years, while 40 per cent attribute the same improvement to the last 8 years.

In a press release, Axis My India said that the CSI survey explored the citizen’s views across key facets of the growing Indian economy. From unravelling expectations from the government to improved life and livelihood, the findings also explored shifts in mind set with regard to social, environmental, and national issues. The August report also revealed that consumption has increased across three out of five relevant sub-indices i.e. overall household products, essential products, health products and media consumption.

The survey, which was carried out with a sample size of 10,205 people across 34 states and UTs, through Computer-Aided Telephonic interviews, received responses from 71 per cent of rural citizens and 29 per cent from urban counterparts. Moreover, 64 per cent of the respondents were male, while 36 per cent were female. In terms of the two majority sample groups, 35 per cent reflect sentiments of 36 to 50-year-olds, while 29 per cent reflect 26- to 35-year-olds. The report, while highlighting a massive improvement in gender equality sentiments, revealed that 96 per cent agree that men and women should share household responsibilities equally.