2020 has been a difficult yr that nobody may have predicted would end up within the method during which it did. The outbreak of the Covid-19 pandemic despatched financial shockwaves globally, and its influence prolonged past a global well being disaster.
The financial results of the Covid-19 pandemic, in India, led to the discount in financial actions, subsequently forcing companies to scale or shut down their operations. It resulted in lots of households being affected as a result of sharp improve in unemployment.
In November 2020, Lotto247.com carried out a survey to know the monetary influence the Covid-19 pandemic had on its Indian market. Over 1,700 adults participated within the survey.
The survey discovered that 77% of economically lively adults in India had misplaced revenue as a result of Covid-19 pandemic.
In line with the findings, essentially the most affected age group had been adults of their 40’s. Over 80% of adults within the 40’s misplaced revenue because of the pandemic. Adults of their 50’s, in comparison with these of their 40’s, had been much less affected. Nonetheless, 73% of them nonetheless misplaced revenue. These aged 70 and older had been the least affected age group. Solely 30% of them misplaced revenue as a result of pandemic.
Males had been impacted greater than girls, in line with the survey outcomes. Slightly below 78% of males reported having misplaced revenue, whereas 67% of ladies misplaced revenue.
The survey additionally revealed adults who had been divorced had been significantly affected, with 87.5% of them shedding revenue. Whereas these in a relationship, however not married, had been much less affected as solely 59% of them misplaced revenue.