After persistent recovery for almost two years, consumer confidence for current period, as reflected in the current situation index (CSI), stood a shade lower than that witnessed in the previous survey round, the RBI said in its latest round of consumer confidence survey.
The improvement in respondents’ sentiment on income and spending was offset by somewhat higher pessimism on general economic and employment situation, according to the RBI. Going forward, households expect improvement in general economic, employment and income conditions.
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