Sentiments recovery lags in middle-income households

While the recovery in sentiments in July is impressive, it needs better traction in the critical income groups

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Solicitor General Tushar Mehta, appearing for the Centre, said he had sought a meeting with the RBI. The Bench said if the RBI reply ‘goes much beyond the query posed by us, there will be a lot of opinions on it’

Mahesh Vyas

5 min read Last Updated : Aug 17 2021 | 9:51 AM IST

The index of consumer sentiments (ICS) improved 10.7 per cent in July 2021 over its level in June 2021. However, at 53.01 (base 100 in September-December 2015) it was still just half of its level before the Covid-19 induced lockdowns began in March 2020. In February 2020, the index was at 105.3. The July 2021 index was also lower than its level during each of the five months from December 2020 through April 2021 when it averaged 54.7. The second wave of Covid-19 had dragged the ICS down to around 48 in May and June 2021. July saw a smart

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Topics : consumer sentiment BS Opinion CMIE data Indian Economy lower-middle income Households Consumer Sentiment Indicator