Open AccessA STUDY ON PREFERRED INVESTMENT AVENUES AMONG SALARIED PEOPLE IN RURAL HARYANA
Author(s) -
. Urmila
Publication year - 2020
Publication title -
epra international journal of economic and business review
Language(s) - English
Resource type - Journals
eISSN - 2349-0187
pISSN - 2347-9671
DOI - 10.36713/epra3207
Subject(s) - investment (military) , caste , government (linguistics) , agriculture , rural area , preference , household income , socioeconomics , pension , business , test (biology) , demographic economics , labour economics , economics , economic growth , agricultural economics , geography , finance , political science , paleontology , philosophy , linguistics , archaeology , politics , law , biology , microeconomics
This study analyzes the profile of the salaried class investors of the rural areas and their investment pattern and preference in Haryana. Primary data has been collected from 450 respondents through a questionnaire from salaried peoples of rural households in Haryana. The collected data is analyzed through the chi-square test, frequency, and percentage analysis. Respondents earn money from their government, private job, agriculture, and other income activity. The study discovered that 36.4 % of respondents earn household income from agriculture, 48.2 % earn from other sources of income and 20.2 % also get a pension. The result revealed that a maximum (68.2%) people prefer bank deposits as investment avenues for salaried class peoples and second to this is provident funds, industry, and business (1.8%), and tree plantation (1.8 %) are lest preferred avenues of investment. Out of the total respondents, 92.7 % invest annually, only 7.3 % of rural salaried people do not invest in any kind of investment avenue. The chi-square result indicated that there is a significant relationship between annual income, age, education level, caste, gender, and investment made by the respondents.KEYWORDS: - investment avenue, rural household, salaried people, frequency analysis.