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Slowed, consumer sentiments reveal pretty much what steve outlined, we are bummed out about this sustainably but is there something here we are not appreciating that is a better foundation than generally? >> the services side of the economy is the one area in addition to labor markets still holding up pretty well, thats usually the last to drop the soap we expect a delay in terms of the challenges there. if we are in a recession based on two consecutive quarters negative jd gdp growth, we might ...
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India's unemployment rate at one year high in May; shoots up to 11.9% against 7.97% in April: CMIE

The unemployment rate had come down to 10.18% in June 2020 after touching the peak of 23% in April and May 2020 during the nationwide lockdown. As per the data, surge in unemployment rates has been driven by significant increase in urban unemployment rates at 14.73% in May compared to 9.78% in April and rural unemployment rate at 10.63% as against 7.13% in April 2021.
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Second COVID wave could spark greater uncertainty; govt will respond with fiscal steps if required: Niti Aayog Vice Chairman

โ€บSecond COVID wave could spark greater uncertainty; govt will respond with fiscal steps if required: Niti Aayog Vice Chairman Second COVID wave could spark greater uncertainty; govt will respond with fiscal steps if required: Niti Aayog Vice Chairman SECTIONS Second COVID wave could spark greater uncertainty; govt will respond with fiscal steps if required: Niti Aayog Vice ChairmanPTI Last Updated: Apr 18, 2021, 11:52 AM IST Share Synopsis While acknowledging that the present situation has be...
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Household savings, consumer sentiment to drive economic recovery post pandemic: CMIE

Household savings, consumer sentiment to drive economic recovery post pandemic: CMIE Citing data from RBI, CMIE said household financial savings in India shot up to 21 per cent of GDP in the first quarter of fiscal year 2020-21 after averaging 7.2 per cent in 2018-19. BusinessToday.In | April 6, 2021 | Updated 15:30 IST Consumer sentiments will also play an important role in recovery from COVID-19 pandemic, CMIE said. The coronavirus pandemic and the subsequent lockdown to curb the spread of i...
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Consumer sentiment in India's recovery

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Consumer sentiment worsened in the week after Budget: CMIE

“A full week after the presentation of the Union Budget, the Index of Consumer Sentiments fell 4.2% in contrast to a 9% increase in equity market valuations response to the budget on the bourses,” CMIE said in its weekly analysis. “Households were not very impressed with the budget. On the contrary, they have expressed their displeasure with it,”it said. The findings are based on the Consumer Pyramids Household Survey by CMIE.
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'It's motivating, there is no doubt': FM Sitharaman on positive reaction to Budget 2021

Its motivating, there is no doubt: FM Sitharaman on positive reaction to Budget 2021 Corporates, industry watchers, and markets have said Budget 2021 re-imagined both spending and borrowing and reposed faith in large-scale infrastructure building and healthcare. "My focus was to get it making a difference to the economy," says FM BusinessToday.In | February 12, 2021 | Updated 15:41 IST Finance Minister Nirmala Sitharaman Union finance minister Nirmala Sithraman has said her ministrys focus on ...
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Investors happy but households give thumbs down to Budget: CMIE

Investors happy but households give thumbs down to Budget: CMIE CMIE observeshouseholds expressed displeasure as a week after budget, Index of Consumer Sentiments fell 4.2%; budget may or may not be reason for household perceptions to worsen but sentiments have worsened after it, it adds BusinessToday.In | February 10, 2021 | Updated 12:37 IST Budget brings a sharp difference between perception of equity market investors and households, says CMIE The value of BSE-30 companies rose five per cen...
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