In a survey conducted in March 2022 about the impact of COVID-19 in India, around 40 percent of the respondents cited a drop in the total household savings. However, about 34 percent of respondents revealed a increase in savings.
Impact of coronavirus (COVID-19) on the net household savings in India in March 2022
Surveyed questions:
1) "How has the COVID-19 situation affected your overall income, spending, and savings in the past month?"
Figures may not sum up to 100, due to rounding.
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McKinsey & Company. (May 5, 2022). Impact of coronavirus (COVID-19) on the net household savings in India in March 2022 [Graph]. In Statista. Retrieved February 16, 2025, from https://www.statista.com/statistics/1209521/india-covid-19-impact-on-net-household-savings/?__sso_cookie_checker=failed
McKinsey & Company. "Impact of coronavirus (COVID-19) on the net household savings in India in March 2022." Chart. May 5, 2022. Statista. Accessed February 16, 2025. https://www.statista.com/statistics/1209521/india-covid-19-impact-on-net-household-savings/?__sso_cookie_checker=failed
McKinsey & Company. (2022). Impact of coronavirus (COVID-19) on the net household savings in India in March 2022. Statista. Statista Inc.. Accessed: February 16, 2025. https://www.statista.com/statistics/1209521/india-covid-19-impact-on-net-household-savings/?__sso_cookie_checker=failed
McKinsey & Company. "Impact of Coronavirus (Covid-19) on The Net Household Savings in India in March 2022." Statista, Statista Inc., 5 May 2022, https://www.statista.com/statistics/1209521/india-covid-19-impact-on-net-household-savings/?__sso_cookie_checker=failed
McKinsey & Company, Impact of coronavirus (COVID-19) on the net household savings in India in March 2022 Statista, https://www.statista.com/statistics/1209521/india-covid-19-impact-on-net-household-savings/?__sso_cookie_checker=failed (last visited February 16, 2025)
Impact of coronavirus (COVID-19) on the net household savings in India in March 2022 [Graph], McKinsey & Company, May 5, 2022. [Online]. Available: https://www.statista.com/statistics/1209521/india-covid-19-impact-on-net-household-savings/?__sso_cookie_checker=failed
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