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.
Source: indiatimes.com