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Mild recovery in consumer confidence in June: Report

Mild recovery in consumer confidence in June: Report
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Welcome To IANS Live - BUSINESS - Mild recovery in consumer confidence in June: Report

Welcome To IANS Live - BUSINESS - Mild recovery in consumer confidence in June: Report
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Tenuous revival: On boosting Indian economy

Creating jobs and boosting incomes, along with vaccination, can sustain the economy
The national income estimates released by the NSO posit an economy that appears to have found some footing in the January-March quarter before the pandemic’s second wave hit. GDP expanded by 1.6% in the final quarter of the last fiscal, an acceleration from the 0.5% growth in the preceding three-month period, that marginally softened the extent of the full-year’s record contraction to 7.3%. The Centre had earlier projected full-year GDP to contract by 8%. There was a 3.7% growth in fourth-quarter gross value added, with all but two of the economy’s eight broad sectors posting expansions. Mining and quarrying and the worst-hit contact-intensive omnibus services category of trade, hotels, transport, communications and broadcasting contracted 5.7% and 2.3%, respectively. Still, the pandemic’s crushing impact over the preceding three quarters meant that only the agriculture, forestry and f ....

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India's consumer confidence worsens in May

The consumer confidence in India has further weakened in May amid the severe Covid crisis and the resultant lockdowns across states.The monthly Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI) for India, in May, has shown a sharp drop of . ....

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India's consumer confidence worsens in May as Covid hits sentiment

The consumer confidence in India has further weakened in May amid the severe Covid crisis and the resultant lockdowns across states.
The monthly Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI) for India, in May, has shown a sharp drop of 6.3 percentage points, over April 2021, amid Covid-19 fears.
The monthly PCSI, which is driven by the aggregation of the four weighted sub-indices, has plunged across all sub-indices. The PCSI Employment Confidence Sub-Index is down by 4.7 percentage points, the PCSI Current Personal Financial Conditions Sub-Index has steeply fallen by 9.0 percentage points.
Further, the PCSI Investment Climate Sub-Index has sharply declined by 8.4 percentage points and the PCSI Economic Expectations Sub Index, has decreased by 4.4 percentage points. ....

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