Covid-19 impact: 82% Indians struggling to make ends meet, says survey
As per IndiaLends, 45% of its customers who had existing loans applied for moratorium on EMIs due to their inability to repay.
Around 84% respondents said they are cutting back on expenses to sail through the crisis and 90% expressed concern about their savings and financial future.
Covid-19 has caused damage across sectors in the country, resulting in mass layoffs and pay cuts. The grim economic outlook and financial uncertainty has hit the money life of salaried individuals and professionals significantly. According to a survey conducted by IndiaLends, a digital lending platform, 82% of the respondents said they are struggling to make ends meet.