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CMIE data shows the index of consumer sentiments stood at 55.1 in February, half the pre-lockdown levels. Consumer sentiment index stood at 105.3 in February 2020, which was just a month before the lockdown.
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“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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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 cent and that of Nifty-50 companies rose 4.7 per cent on the day of the Budget, which is an indicator t...