RBI Survey: Consumer Confidence on the Rise
The Reserve Bank of India’s (RBI) recent survey conducted in March 2024 indicates a significant improvement in consumer confidence for the year ahead. The Future Expectations Index (FEI) rose by 2.1 points to reach 125.2, the highest level since mid-2019. This surge in optimism is attributed to households’ positive sentiments regarding the general economic situation, employment prospects, and discretionary spending.
Households express confidence in the current economic landscape and foresee brighter employment opportunities in the coming year. Moreover, their outlook on discretionary spending has improved, reflecting a bolstered consumer sentiment. Respondents note an improvement in their income situation compared to the previous year and anticipate further growth in the year ahead.
The survey, part of RBI’s bi-monthly Consumer Confidence Survey (CCS), gathers perceptions and expectations of households regarding various economic indicators across 19 major cities. Conducted from March 2-11, 2024, the survey covered 6,083 respondents, with females comprising 50.8% of the sample.
In parallel, the Households’ Inflation Expectations Survey reveals a moderation in the percentage of households expecting overall prices and inflation to increase over the next three months and one year. Expectations regarding general prices for the one-year horizon remain closely aligned with food prices and housing-related expenses.
India has many cities that are famous for their unique industries, and some of them…
Some deserts are extremely hot, but some remain cold throughout the year. These cold deserts…
In today’s world, news media plays a very important role in sharing information quickly and…
PNB Housing Finance has announced the appointment of Ajai Kumar Shukla as its new Managing…
In a major push towards deepening financial inclusion, the Department of Posts (DoP) and BSE,…
India’s retail inflation, measured by the Consumer Price Index (CPI), increased modestly to 0.71% in…