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Covid-19 pandemic eats into consumer confidence, shows RBI survey

Consumers reported sharp cuts in discretionary spending and also do not expect much improvement in the coming year, the RBI survey said

Topics
consumer confidence index | Reserve Bank of India RBI | Lockdown

Anup Roy  |  Mumbai 



household debt, jobs, coronavirus
The Consumer Confidence Survey was conducted in 13 major cities between May 5-17 through telephonic interviews because of the nationwide lockdown. A total of 5,300 households participated in the survey.

Consumer confidence collapsed in May, and the expectation for the next one year is that Indian households will remain pessimistic, the survey by the Reserve Bank of India (RBI) shows.

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First Published: Thu, June 04 2020. 20:07 IST

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