- IndiaLends conducted a survey in November to capture the current mood of the nation during the festive season
- Gaurav Chopra said, ‘Our latest survey reveals that businesses and individuals are keen to return to a new normal life’
At least 77% of Indians are optimistic of an economic recovery and business revival, reveals a survey by digital lending platform IndiaLends on 1,700 individuals. Findings of the survey show that 27% respondents believes a turnaround may happen in the next three months.
IndiaLends conducted a survey in November to capture the current mood of the nation during the festive season. Both the salaried and self-employed from Tier I and II cities took part in the survey. “Nearly 28% felt it could take anywhere between six months to a year, an indication that people were still weighing in on the pandemic,” the survey says.
At least 71% of the respondents has a plan to take a personal loan in the next three to six months, the survey says. They cited two- and four-wheelers, business startups, household durables, electronic gadgets and home renovation as the mains reasons for opting personal loans.