Title: Impact of COVID-19 on personal financial planning: an empirical evidence from India

Authors: Shelly; Mohammad Firoz; Neeraj Kaushik; Sandeep Singh

Addresses: Department of Business Administration, National Institute of Technology, Kurukshetra, Haryana, India ' Department of Business Administration, National Institute of Technology, Kurukshetra, Haryana, India ' Department of Business Administration, National Institute of Technology, Kurukshetra, Haryana, India ' Punjabi University Regional Center for IT and Management, Mohali, Punjab 160062, India

Abstract: The purpose of this paper is to analyse the impact of COVID-19 on personal financial planning. It studied the changes in personal investment decisions before and during the COVID scenario. The research uses the data obtained by a survey having the sample from the Haryana (India) from the period of 1st April 2020 to 30th April 2020. Chi-square and multidimensional scaling are used to test the hypothesis. Findings indicate that no significant changes in personal financial planning were demonstrated during the COVID-19. The research confirms the factors responsible for the changes in investment decisions on this pandemic. The study will help the government to provide a stimulant to particular sectors in the form of direct assistance.

Keywords: coronavirus; personal financial planning; COVID-19; investment decisions; sector preference; India.

DOI: 10.1504/IJPSPM.2024.142345

International Journal of Public Sector Performance Management, 2024 Vol.14 No.3/4, pp.477 - 490

Received: 21 Sep 2020
Accepted: 21 Dec 2020
Published online: 25 Oct 2024 *

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