SME Times is powered by   
Search News
Just in:   • Bharti Airtel arm picks up 4.9% stake more in Bharti Infratel  • Centre to incubate electronics startups opened in K'taka  • Samsung tops global smartphone production in Q3: Report  • IndiGo resumes operating 1k daily flights  • NSE launches futures contract of crude degummed soybean oil 
Last updated: 22 Oct, 2020  

Shopping.9.Thmb.jpg Consumer confidence weakens in October

   Top Stories
» Manufacturing sector loses growth momentum in November
» GST collection at nearly Rs 1.05 lakh Cr in Nov
» RBI to maintain accommodative stance, rates: Survey
» FIIs log biggest monthly inflow in Nov
» ECLGS 2.0 enough to fund cash-flow drop of pandemic-hit firms
SME Times News Bureau | 22 Oct, 2020
With no signs of reprieve from the pandemic in near future and economy yet to show major indications of a revival, India's consumer confidence has declined by 0.3 percentage points in October 2020, as per the monthly Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI).

The monthly PCSI, which is driven by the aggregation of the four weighted sub-indices, is a mixed bag for October 2020, Ipsos said in a statement.

The PCSI Employment Confidence Sub-Index is down by 1.2 percentage points and the Economic Expectations Sub-Index, has dropped by 2.4 percentage points.

However, the Current Personal Financial Conditions Sub-Index has moved up by 2 percentage points and the Investment Climate Sub-Index has gone up by 1.6 percentage points.

"The Indian Economy is still in the recovery mode. Tourism provides a big boost to the economy, but right now inbound travel from foreign countries has not been restored, preventively, to control the pandemic. Likewise, the job market has not started to look up just yet. Job creation will be important," Amit Adarkar, CEO, Ipsos in India, said.

He said that the festival shopping could lift the spirits and boost the economy when consumers loosen their purse strings.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 02 Dec, 2020
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» MSME registration(1)
» MSME schemes - Do you know all of them?(1)
» Biodiesel is the fuel of future: Santosh Verma(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter