• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Indian consumer sentiment on economy, income, jobs dips for year ahead

14 Aug '24
1 min read
Indian consumer sentiment on economy, income, jobs dips for year ahead
Pic: Adobe Stock

Insights

  • India's consumer confidence in July dropped for the second round in a row in the central bank's consumer confidence survey after a prolonged post-COVID rising trend.
  • Their sentiments on major parameters, except spending, moderated.
  • Lower optimism on economy, employment and prices led to a 4.1-point moderation in the future expectations index to 120.7 in July.
India’s consumer confidence in July declined for the second consecutive round in the Reserve Bank of India’s (RBI) bi-monthly consumer confidence survey after a prolonged rising trend in the post-COVID period.

Their sentiments on major parameters, except spending, moderated and, as a result, the current situation index (CSI) declined to 93.9 in July from 97.1 two months back.

Households’ optimism on economic conditions for the year ahead remained in positive terrain, though it came down from the previous survey round, RBI said in a release.

Lower optimism on general economic situation, employment and prices led to a 4.1-point moderation in the future expectations index (FEI) to 120.7 in July this year.

Sentiments on current employment situation and own income deteriorated for the second consecutive survey round. The outlook for both these parameters also moderated within the zone of optimism.

The survey collects current perceptions (vis-à-vis a year ago) and one year ahead expectations of households on general economic situation, employment scenario, overall price situation, own income and spending across 19 major cities. Female respondents accounted for 54.4 per cent of the sample comprising 6,062.

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search