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Survey indicates that 74% Indians believe cost of living will rise in 2018

Author: IANS/Tuesday, January 16, 2018/Categories: Economy

Survey indicates that 74% Indians believe cost of living will rise in 2018

New Delhi, Jan 16 - Over 74% of Indians believe that inflation and cost of living are set to rise in 2018 as compared to the last year, reveals a survey.

The survey titled, "Inshorts - Ipsos Pulse of the Nation", showed that 20% of Indians believe that the cost of living will remain the same in 2018 as in 2017. 

Nearly 6% said that inflation will drop in 2018, as compared to 2017. 

Interestingly, 73% people are bullish about the economy for 2018, 14% said it would be same as last year, while 13% were pessimistic.

"Disruption from demonetisation and Goods and Services Tax (GST) are behind us and our economy is now on a firm (footing). High optimism is not misplaced. Though high cost of living could be a stumbling block in dampening spirits to some extent," Amit Adarkar, CEO Ipsos India, said in a statement on Wednesday. 

The survey conducted in the first week of January 2018 captured views of 1.5 lakh netizens (across urban and rural locations). 

Of these, 35% suggested that creating more jobs should be the prime focus of the government in 2018. 

While 22% want government to improve infrastructure and development, 21% want government to take effective steps to bring down pollution.

Another 17% noted that they want the government to provide affordable healthcare, while 5% want rural electrification, as a priority for 2018.

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Kavita Giridhar Mallya


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