Consumer confidence near 5-yr high

Future expectations index also improves to best since mid-2019

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CONSUMER CONFIDENCE IN India is at the highest level since mid-2019, according to the latest bi-monthly survey conducted by the Reserve Bank of India on Friday. "Consumer confidence for the current period has been on a path of sustained recovery; respondents assessed improvement in all survey parameters; the current situation index (CSI) rose by 3.4 points to 98.5 its highest level since mid-2019," the survey said.

The sanguine survey results come at a time when some analysts have started seeing signs of a recovery in rural consumption.

The survey was conducted during March 2-11, 2024, covering 6,083 respondents, with female respondents accounting for 50.8% of the sample.

Respondents were upbeat about all economic parameters -- economic situation, employment, price level, income, spending, and consumer confidence index.