64% Respondents of Axis My India CSI Survey Were Unaffected by Recent Job Cuts
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64% Respondents of Axis My India CSI Survey Were Unaffected by Recent Job Cuts

job cutsAxis My India, a consumer data intelligence company, has released its latest findings of the India Consumer Sentiment Index, shedding light on optimistic consumer perceptions around the economy, employment, and technology adoption. A notable majority has expressed confidence that India will not face an economic recession or just to some extent in 2023, indicating stability for the country’s economy.

Furthermore, a significant proportion of participants reported being unaffected by job cuts or layoffs which contrasts with some of the global economies. Additionally, the survey highlighted the positive sentiment towards AI-related tools, with respondents acknowledging their ability to reduce workload and save time. These insights signify the growing acceptance and recognition of technology’s potential to enhance productivity and efficiency in the workplace. Overall, the survey reflects a prevailing sense of optimism among consumers, with positive sentiments regarding the economy, job stability, and the increasing adoption of AI technologies.

The June net CSI score, calculated by percentage increase minus percentage decrease in sentiment, is at +9, which has remained the same as compared to last month.

The survey was carried out via Computer-Aided Telephonic Interviews with a sample size of 9657 people across 33 states and UTs. 68% belonged to rural India, while 32% belonged to urban counterparts. 68% of the respondents were male, while 32% were female. In terms of the two majority sample groups, 30% reflect the age group 26YO to 35YO and 31% reflect the age group of 36YO to 50YO. 

Also read: Tech Layoffs Aren’t What You Believe – Read To On To Know More

In response to the question regarding whether respondents have been affected by job cuts or layoffs, considering those who answered “Yes” to being involved in a private/corporate job, the survey findings revealed that 17% reported being affected to a great extent, while an additional 19% stated being affected to some extent. Conversely, the majority of respondents, comprising 64%, mentioned that they have not been affected by job cuts or layoffs. These results thus highlight that a substantial portion of respondents have remained unaffected by such circumstances.

 

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