You are here: Home » Opinion » Columns
Business Standard

Households wary of discretionary spending

The RBI Current Situation Index has been negative in all surveys conducted in the past four years except the one in March 2019

Consumer Sentiment Indicator | CMIE data | Employment in India

Mahesh Vyas 

Mahesh Vyas

On April 7, released updates to its regular Consumer Confidence Survey. These refer to the 9-day period February 27 through March 8, 2021. For simplicity we will refer this as the first week of March 2021. The RBI releases two indices – the Current Situation Index and the Future Expectations Index. Both reflect net responses, i.e., the difference between respondents whose perceptions are improving against those with deteriorating perceptions. An index is computed as 100 plus net responses. It reflects views of households in state capitals of 13 large states of India. It is therefore an index of consumer confidence in the larger towns of India.



What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, April 19 2021. 23:59 IST