Pricey fuel: 3 in 10 say forced to cut discretionary spend

A series of quick polls by citizen forum LocalCircles found that more than half of those surveyed said the fuel price increase had limited impact on their spending. However, six in 10 respondents appear pessimistic about future earnings and purchases. Here’s a look...

1. 1. 30% cut spends, 11% shift to public transport
*How are you adjusting your spending with rising fuel prices?

2. 60% not optimistic about earnings
38% in distress, earning squeeze for 22%
2 A How did your earnings and expenses behave during the last 12 months?

2b. Six in 10 see cut or no change in earnings
* How do you see your earnings change in the next 12 months?

3. 60%+ Say no plan for big buys
3a. 40% line up big purchases
Do you plan to buy any asset* in the next 12 months?

3b. 8 in 10 budget for festival expenditure
How much will you spend in the coming festival season

Note: The above polls were conducted online during Sep 9-13; 15,000 unique respondents participated from across 220 districts; respondent profi le: 45% of the participants were from metro/tier 1 cities, 34% from tier 2 and 21% were from tier 3 and rural locations.