‘Consumer sentiments on India’s economic prospects improve’

New Delhi, Jan 22 : 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 Economic Expectations Sub-Index for January has increased 3.5 percentage points.

The overall consumer confidence increased by 4.7 percentage points in January 2021, said an IPSOS statement.

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The monthly PCSI is driven by the aggregation of the four weighted sub-indices, including the economic expectations sub-index.

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 said: “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.

Disclaimer: This story is auto-generated from IANS service.

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