RBI Survey: Indian consumer confidence hits highest level in nearly 5 years

Last Updated10/04/2024

The latest bi-monthly survey conducted by the Reserve Bank of India (RBI) unveiled a remarkable surge in consumer confidence, reaching its peak since mid-2019.
The survey, released, showcased an optimistic trend, reflecting a positive sentiment among respondents across various economic parameters.

Overall Positivity: The survey results were positive across all parameters!
Improved Current Situation: The Current Situation Index (CSI) - a measure of general consumer sentiment about the current economic situation - jumped 3.4 points to a whopping 98.5, the highest since mid-2019.
Brighter Future Expected: The Future Expectations Index (FEI) - which gauges consumer outlook for the next year - also saw a significant rise, reaching its peak since mid-2019.
This indicates a positive outlook for the coming year.
Inflation Expectations: There was a slight increase in the number of households expecting prices and inflation to rise in the next three months and a year.
This applies to both general prices and most product categories.

The CSI and FEI are based on "net responses" - essentially the difference between positive and negative responses
- On various factors like economic situation, income, spending, employment, and price levels.