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Indian homes hopeful of a turnaround, reveals CMIE's consumer index SECTIONS Share Synopsis CMIE is of the view that the sustenance of recovery is best achieved when households feel positive of their well-being. “India’s vast consumer markets need to feel like spending beyond their essential requirements for the economy to pick pace beyond the recovery,” it said. Agencies The higher growth in consumer expectation index is a reflection of rising confidence of Indian households and is vital to sustain the economic recovery, the Centre for Monitoring Indian Economy said, suggesting there i...

The MIER’s Consumer Sentiments Index (CSI) for 4Q survey revealed pessimism is higher amongst those in the low- and middle-income brackets, urban and rural areas, as well as in the south, with proportions of negative responses totaling between 66% and 75% in 4Q20. KUALA LUMPUR: Consumers are increasingly worried about their income and job security as the Covid-19 pandemic continues, further straining their confidence, according to a survey by the Malaysian Institute of Economic Research (MIER). The MIER’s Consumer Sentiments Index (CSI) for 4Q survey revealed household finances at year-en...