- 37% of Indians expect a decline in their quality of life in the next year.
- Rising food inflation and stagnant wages are straining household budgets.
- Nearly two-thirds of respondents say inflation has worsened since 2014.
- Youth unemployment remains a major challenge despite India’s economic growth.
- Modi’s upcoming budget is expected to address these issues.
A new survey shows a worrying trend among Indian citizens, with over one-third expecting their quality of life to decline this year. Polling agency C-Voter released the findings on January 29, 2025, just before India’s annual budget announcement, adding to growing economic concerns.
The survey gathered responses from 5,269 adults across different states, highlighting fears about the country’s economic future. As Prime Minister Narendra Modi prepares to present the budget, many are anxious about what lies ahead.
Rising Concerns Over Quality of Life
According to the survey, 37% of respondents expressed fears that their quality of life would decline over the next 12 months. This represents the highest level of pessimism since 2013. The findings come at a time when the world’s fifth-largest economy is projected to face its slowest growth in four years. As inflation continues to soar, many Indians are finding it increasingly difficult to make ends meet.
This growing pessimism poses a challenge for Prime Minister Modi, whose government has faced significant criticism over the country’s economic struggles. Since taking office in 2014, Modi has emphasized India’s rapid growth, but many citizens now feel that the benefits of this growth have not been felt equally across all sectors.
Inflation Bites, Jobs Shrink
Inflation remains a major concern, with food prices soaring and squeezing household budgets. Many people feel their purchasing power has dropped significantly. The survey revealed that nearly two-thirds of respondents believe inflation has gone unchecked during Modi’s tenure, as prices continue to rise in various sectors.
More than half of those surveyed said the rising cost of living has directly hurt their quality of life. Over 60% reported struggling to manage expenses, with stagnant or declining wages making things worse. The financial strain is especially hard on the middle class, who are finding it difficult to afford daily necessities.
Even with India’s strong economic growth, unemployment remains a serious issue, particularly for young people. The country has one of the largest youth populations in the world but struggles to create enough jobs. Many young Indians feel frustrated with limited opportunities and uncertain economic prospects.
A large portion of survey respondents expressed deep concerns about the job market. Many young people are unable to find stable employment, forcing them into low-paying, insecure jobs in the informal sector. This ongoing challenge adds to their financial stress and growing dissatisfaction.
Modi’s Budget: Expectations and Pressure
With the budget approaching, Prime Minister Modi’s government faces mounting pressure to tackle economic concerns. The upcoming budget is expected to focus on boosting growth, reducing inflation, and increasing disposable income. Experts predict new programs to support the middle class and create job opportunities, especially for young workers.
Last year, the government allocated nearly $24 billion for job creation. However, delays have stalled many promised jobs, fueling public skepticism. Many now question whether the new budget will bring real change or repeat past disappointments.
India’s economy stands at a turning point. While GDP growth remains strong, inflation and unemployment continue to strain households. This budget presents a critical opportunity for the government to rebuild trust and offer real solutions for struggling citizens.