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Indian consumers turn more glum about future, less likely to spend: Survey

The reasons for the pessimism were deteriorating sentiments on general economic situation, income and prices, the RBI said. The current situation index had hit a record low of 49.9 in September

Topics
Reserve Bank of India | Consumer Confidence Index | WPI-based Inflation

Anirban Nag | Bloomberg 



Photo: Bloomberg
Survey respondents were also less optimistic about the year ahead, with the future expectations index dipping to 108.8 from 117.1. Photo: Bloomberg

Indian consumers turned more pessimistic about the present and less gung-ho about the future, making them less likely to spend big in an economy that’s driven by domestic consumption.

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First Published: Thu, April 08 2021. 11:19 IST

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