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Effect of covid-19 pandemic on saving and investment habits

Author: 
Dr. Reena Khanooja
Subject Area: 
Social Sciences and Humanities
Abstract: 

Covid 19 or Novel Corona virus has affected millions of people worldwide. Not only has it caused a huge health crisis, it has also let the global economy in a wounded state. Nationwide lockdown although a welcome step to reduce the spread of Covid19, has left the general population in a grim state where almost all businesses and jobs have suffered a great deal. In the present situation therefore, saving and investment has once again emerged as two pillars of our economy by whose support our country can survive this global pandemic. Saving as a habit is deep rooted in India and has many times in the past also helped us face global economic crises. This article aims to analyse the effect of Covid-19 on saving habits of individuals in Kota, Rajasthan region. The aim is to understand to what extent did savings help a normal citizen ride out the storm of Covid 19 and what changes if any have happened in the saving and investment patterns in general.

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