Title: The management of saving and investment pattern of the private sector employees of Assam and the effect of COVID-19 on it - an analytical study

Authors: Ramjanul Haque; Viveka Gupta

Addresses: Dibrugarh University, Dibrugarh, Assam 786004, India ' Dibrugarh University, Dibrugarh, Assam 786004, India

Abstract: When the nation is facing a great downfall of economic activities leading to many disturbances in the daily life of people, savings and investment plan can hold the hands of employees belonging to private sector from financial fall down. The present study exposes the savings and investment preferences of private sector employees due to the effect of COVID-19 pandemic. As information shows that salary reduction and job termination have become common events in private sector due to the present pandemic, it becomes necessary to understand how far the pandemic has influenced their savings and investment. Likert scale and Garret ranking are two statistical tools used in the study to analyse major influencing factors of COVID-19 pandemic and the mostly preferred factor by the private sector employees. The study concludes that this pandemic has a significant influence leading to deregulating existing plans as well as decline in proportion of savings and investments.

Keywords: saving; investment; pattern; effect; COVID-19; private sector; salary reduction; job termination; pandemic; employees.

DOI: 10.1504/IJICBM.2023.130092

International Journal of Indian Culture and Business Management, 2023 Vol.28 No.4, pp.489 - 507

Received: 18 Aug 2021
Accepted: 29 Nov 2021
Published online: 05 Apr 2023 *

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