In a survey conducted in May 2020, regarding the impact of coronavirus (COVID-19) on consumer spending behavior in India, 38 percent of the respondents showed concern about the pandemic and preferred to hibernate and spend. About 35 percent of the respondents were hit quite hard by the pandemic and as a result decided to cut down their spending by a large extent.
Impact of coronavirus (COVID-19) on consumer spending behavior in India in May 2020
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EY. (June 10, 2020). Impact of coronavirus (COVID-19) on consumer spending behavior in India in May 2020 [Graph]. In Statista. Retrieved August 14, 2022, from https://www.statista.com/statistics/1195838/india-impact-of-covid-19-on-consumer-spending-behavior/
EY. "Impact of coronavirus (COVID-19) on consumer spending behavior in India in May 2020." Chart. June 10, 2020. Statista. Accessed August 14, 2022. https://www.statista.com/statistics/1195838/india-impact-of-covid-19-on-consumer-spending-behavior/
EY. (2020). Impact of coronavirus (COVID-19) on consumer spending behavior in India in May 2020. Statista. Statista Inc.. Accessed: August 14, 2022. https://www.statista.com/statistics/1195838/india-impact-of-covid-19-on-consumer-spending-behavior/
EY. "Impact of Coronavirus (Covid-19) on Consumer Spending Behavior in India in May 2020." Statista, Statista Inc., 10 Jun 2020, https://www.statista.com/statistics/1195838/india-impact-of-covid-19-on-consumer-spending-behavior/
EY, Impact of coronavirus (COVID-19) on consumer spending behavior in India in May 2020 Statista, https://www.statista.com/statistics/1195838/india-impact-of-covid-19-on-consumer-spending-behavior/ (last visited August 14, 2022)
