NEWS
20/09/2018 11:39 AM IST | Updated 20/09/2018 12:10 PM IST

Drastic Fall In Indians' Confidence In Modi's Economy In A Year: Pew Report

However, most people believe they are better off than 20 years ago.

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A protest against Narendra Modi in Kolkata.

In a year, there has been a drastic fall in people's faith in the government's economic policies, a new report published by Pew Research Center said. The survey was carried out in 27 countries, and people were asked to respond to the statement 'the current economic situation in our country is good'. In 2017, 83% of respondents from India had agreed to the statement and in 2018, the percentage fell to 56%.

The declining number of people who believe that 'the economic situation in the country is good' could be taken as a sign of a decline in their confidence in the government's economic policies.

In fact, the fall in the number of people who agreed to the statement was the biggest for India, only followed by Tunisia, which registered a dip of 11 percentage points compared with India's 27 percentage points.

The organisation doesn't have data from 2009-2017, so making a comparison with previous governments is difficult. However, the majority of respondents—65%—agreed that the economic situation of average people in their country was far better than what it was 20 years ago.

The survey also found that 72% of respondents who supported the government and the party in power agreed that the economic situation in the country is favourable.

The study noted, "Indian GDP per capita has increased 266% since 1990, and such good fortune in about a generation may explain why two-thirds of adults (66%) believe young Indians will grow up to be better off financially than their parents."