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Populism raises sentiment

The Index of Consumer Sentiments declined by 2.35 per cent during the week of April 16

Populism raises sentiment
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Mahesh Vyas
The BSE-CMIE-UMich consumer sentiments indices retreated a bit during the week ended April 16 but, they continued to maintain most of the gains made in the preceding few weeks.

The Index of Consumer Sentiments declined by 2.35 per cent during the week of April 16 after having gained 18 per cent during the preceding five weeks. And so, over the past six weeks, sentiments have risen by a good 15 per cent.

The index started gaining from the second week of March -- the week of the announcement of state elections. The gain was almost entirely in rural
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