According to a survey by Rakuten Insight on panic buying after the coronavirus outbreak, 48 percent of Indian respondents aged 55 and above stated that they did not stock up on items because it was not socially responsible to hoard food and essential items. In the same survey, 61 percent of respondents indicated that they had not engaged in panic buying because of the coronavirus pandemic, while 39 percent of respondents did.
Leading reasons not to buy goods in bulk due to coronavirus (COVID-19) in India in 2020, by age
Characteristic
16 to 24 years old
25 to 34 years old
35 to 44 years old
45 to 54 years old
55 years and older
I do not think it is socially responsible to hoard food and essential items during this time
34%
35%
39%
44%
48%
I trust that there would be enough supplies in the supermarket
among 3,300 female and 8,755 male respondents that did not engage in panic buying
Method of interview
Online survey
Supplementary notes
Original question: Why did you decide not to bulk buy during this time?
The survey was conducted among
5,029 respondents aged 16 to 24 years,
3,935 respondents aged 25 to 34 years,
1,861 respondents aged 35 to 44 years,
742 respondents aged 45 to 54 years and
488 respondents aged 55 years and older.
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Rakuten Insight. (May 8, 2020). Leading reasons not to buy goods in bulk due to coronavirus (COVID-19) in India in 2020, by age [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1119181/india-reasons-against-stockpiling-after-coronavirus-outbreak-by-age/
Rakuten Insight. "Leading reasons not to buy goods in bulk due to coronavirus (COVID-19) in India in 2020, by age." Chart. May 8, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1119181/india-reasons-against-stockpiling-after-coronavirus-outbreak-by-age/
Rakuten Insight. (2020). Leading reasons not to buy goods in bulk due to coronavirus (COVID-19) in India in 2020, by age. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1119181/india-reasons-against-stockpiling-after-coronavirus-outbreak-by-age/
Rakuten Insight. "Leading Reasons Not to Buy Goods in Bulk Due to Coronavirus (Covid-19) in India in 2020, by Age." Statista, Statista Inc., 8 May 2020, https://www.statista.com/statistics/1119181/india-reasons-against-stockpiling-after-coronavirus-outbreak-by-age/
Rakuten Insight, Leading reasons not to buy goods in bulk due to coronavirus (COVID-19) in India in 2020, by age Statista, https://www.statista.com/statistics/1119181/india-reasons-against-stockpiling-after-coronavirus-outbreak-by-age/ (last visited July 22, 2024)
Leading reasons not to buy goods in bulk due to coronavirus (COVID-19) in India in 2020, by age [Graph], Rakuten Insight, May 8, 2020. [Online]. Available: https://www.statista.com/statistics/1119181/india-reasons-against-stockpiling-after-coronavirus-outbreak-by-age/
