Despite global inflationary concerns, Indians are looking forward to having a balanced life with plans to spend on luxuries such as personal care, clothing, vehicle, leisure travel and air travels, according to the findings of a survey by Deloitte Touche Tohmatsu India.
Indians are not only focused on saving for the future (58 per cent of the respondents) but also want to spend for experiences and goods/ physical possessions (50 per cent each), the report said adding that robust vaccination drives and an uptick in positive consumer sentiments are the primary reasons for this shift.
According to the findings, 77 per cent of consumers are optimistic about their financial situation within the next three years, as workplaces open up and Covid-19 cases show a decline.
Deloitte Touche Tohmatsu India on Monday unveiled Wave 24, the latest analysis of its Global State of the Consumer Tracker.
The consumer tracker is an online survey conducted on 1,000 respondents each in 23 countries.
“While 74 per cent of Indian respondents are concerned about inflation.
At the same time, 85 per cent of Indian respondents plan to spend on leisure travel in the next four weeks, 71 per cent of Indian respondents feel safe engaging with one-on-one services and 68 per cent of Indian respondents feel safe going to a restaurant,” it said.
Inflationary concerns were observed across the globe in South Africa (86 per cent), Spain (85 per cent), Poland (84 per cent), Brazil (80 per cent), India (74 per cent), Canada (74 per cent), UK (72 per cent) and US (71 per cent).