The Reserve Bank of India’s (RBI) latest consumer confidence for May 2022 has shown that consumer confidence has improved compared to last year, but the consumer survey index is still below 100, which is in the ‘pessimistic’ territory.
An Index figure below 100 is considered to be in ‘pessimistic’ zone, but if the index is above 100, it indicates ‘optimism’.
Key Highlights of the survey
According to the survey, the following are the various variables and consumers’ expectations earlier when compared with the current situation:
Why this survey does is important?
What are the implications of the survey?
Consumer confidence survey (CCS)
What can be the future challenges?
The consumer confidence survey by the RBI obtains current perceptions compared to a year earlier and one-year ahead expectations on general economic situation, employment scenario, overall price situation, and own income and spending. Hence it is one of the major sources of survey on economic terms to identify future implications and challenges.
Verifying, please be patient.