April 20, 2021

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Consumers turn more glum about future, survey shows

Consumers turned more pessimistic about the present and less gung-ho about the future, making them less likely to spend big in an economy that’s driven by domestic consumption. The current situation index fell to 53.1 in March from 55.5 in January, according to the Reserve Bank of India’s (RBI's) consumer confidence survey, where 100 is the dividing line between pessimism and optimism....

Consumers turned more pessimistic about the present and less gung-ho about the future, making them less likely to spend big in an economy that’s driven by domestic consumption. The current situation index fell to 53.1 in March from 55.5 in January, according to the Reserve Bank of India’s (RBI’s) consumer confidence survey, where 100 is the dividing line between pessimism and optimism.

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