Sentiments of Indians regarding the economic prospects of the country have improved in January, according to the Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI).
The PCSI Employment Confidence Sub-Index is up by 2.5 percentage points, and the Current Personal Financial Conditions Sub-Index has moved up by 6.0 percentage points. The sub-index for investment climate has soared by 6.0 percentage points.
Amit Adarkar, CEO, Ipsos India was quoted by news agency IANS as saying: “India is clearly in the recovery mode. We are witnessing a bounce back. All these indicators validate how as a market we are getting back on grid and the consumer sentiment is seeing an upturn.”
“For the first time, consumer confidence has bounced back to pre-pandemic level. The upcoming budget will show us the way forward on which way consumer sentiment will go,” he added.