Consumer confidence up 9.9 per cent points in April: Thomson Reuters-Ipsos PCSI study
The monthly PCSI result is driven by the aggregation of four sub-indices
The India Primary Consumer Sentiment Index (Consumer Confidence), as measured by Thomson Reuters in partnership with Ipsos, shows major gains and recovery in April. It has jumped by 9.9 percentage points.
In March, due to the Pulwama and Balakot attacks consumer confidence had fallen by 6.8 percentage points.
The monthly PCSI result which is driven by the aggregation of the four, weighted, sub-indices, has seen a sharp ascend and recovery across all indices: the PCSI Employment Confidence Sub-Index is up by 6.8 percentage points; PCSI Economic Expectations Sub Index, has jumped up by 14.4 points; PCSI Investment Climate Sub-Index has moved up by 10.9 points; and the PCSI Current Personal Financial Conditions Sub-Index is up by 8.6 percentage points over the last month.
“War clouds have receded, inflation is under control, the stock market in leaping up and the election speeches are full of rosy promises… all these are giving a strong boost to overall optimism and the buoyant mood of India,” says Parijat Chakraborty, Country Service Lines Group Leader, Public Affairs, Corporate Reputation & Customer Experience, Ipsos India.
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