Reserve Bank of India CCS: Consumer Confidence Rises
Improved Expectations Fuel Outlook
Key Points
- Consumer confidence in India, as measured by the Reserve Bank of India's Consumer Confidence Survey (CCS), has improved for the year ahead.
- This optimism is driven by higher expectations across all CCS parameters, including economic conditions, income, and employment.
- The Current Situation Index (CSI), a component of the CCS, stands at 40,286 for the November 2021 round, reflecting consumers' assessment of the current economic situation.
The Reserve Bank of India (RBI) recently released the results of its CCS for the November 2021 round, indicating a rise in consumer confidence for the year ahead. This positive outlook is attributed to increased optimism in all CCS parameters.
Among the contributing factors to this improved sentiment are expectations of better economic conditions, higher income levels, and a more favorable employment scenario.
The CSI, which measures consumers' perception of the current economic situation, has remained relatively stable over the past few months. The index stood at 40,286 for the November 2021 round, reflecting consumers' cautious assessment of the current economic climate.
