Consumer sentiment of urban Indians dips to a 4-month low, shows data

Rural consumer sentiment is at its highest level thus far in 2024

Consumer sentiment has weakened for urban Indians in March 2024, according to the latest data from the Centre for Monitoring Indian Economy (CMIE).  

The index tracking consumer sentiments in urban areas reached a four-month low during the month. The decline follows a surge in 2023 that saw the urban index hit its highest level in 46 months in December 2023, reaching 101.83. The momentum has since waned, with the index declining for three consecutive months.

The overall index (urban and rural) has gained due to a notable improvement in sentiment across rural areas. Rural consumer sentiment is at