83% Indians trust robots more than humans to manage their finances

In India, 106 per cent of business leaders saw an increase in financial anxiety and stress, and their sadness grew by 47 per cent due to coronavirus pandemic

Year 2020 changed our relationship with money, and people, it seems, now trust robots more than themselves to manage their finances, according to a new study by Oracle and personal finance expert Farnoosh Torabi.

The study of more than 9,000 consumers and business leaders across 14 countries, including India, found that the Covid-19 pandemic has increased financial anxiety, sadness, and fear among people around the world. It has changed who and what we trust to manage our finances. It is reshaping the role and focus areas of corporate finance teams and personal financial advisors.

Among business leaders worldwide, financial anxiety and stress