Business Standard

Indians optimistic on growth outlook amid high inflation: EY study

They are shifting to new brands in search for value, says multi-nation survey

cpi, wpi, inflation, retail, food, prices, vegetables, markets, shops

The rising cost concern is affecting the majority of all income levels, 82% of the rich income group, followed by 72% of the middle class and 67% of the low income class

Pratigya Yadav New Delhi
Indian consumers tackling inflation are shifting to new brands often offered online, said a report on Monday.

Indian consumers are concerned about rising costs but 71 per cent of them believe the economy will recover within a year, said the 10th edition of EY Future Consumer Index. All income levels are concerned about costs: 82 per cent of the rich, 72 per cent of the middle class and 67 per cent of people with low income.

The report said the developed Western world had a pessimistic economic outlook compared to emerging markets. Over half of the consumers in the United

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 19 2022 | 6:42 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to