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Consumer confidence weakens amid Covid crisis
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Top Stories |
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SME Times News Bureau | 21 Apr, 2021
As India battles the acute Covid crisis, the monthly
Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI) for India, in
April, has shown a downward slide of 1.1 percentage points, over March
2021.
The monthly PCSI is driven by the aggregation of the four weighted sub-indices.
An
Ipsos said that the PCSI Employment Confidence Sub-Index is down by 0.6
percentage points, the Current Personal Financial Conditions Sub-Index
has fallen by 1.5 percentage points.
The Investment Climate
Sub-Index has declined by 0.9 percentage points and the Economic
Expectations Sub Index is down by 0.8 percentage points.
Amit
Adarkar, CEO, Ipsos India, said: "The second wave of the corona virus is
in full swing and it is already starting to impact normalcy and
livelihoods."
He noted that businesses had started recovering
post the first wave and now the new wave has already started to
negatively impact the sentiment around jobs, finances for daily running
of households, savings and investments and the economy.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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