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India current economic situation significantly worse when compared to a year ago: RBI Survey


Consumer confidence has picked up this year, although households and companies view the current economic situation as significantly worse than a year ago, according to a Reserve Bank of India (RBI) survey released on Friday. Consumers perceived that the current economic situation was significantly worse when compared to a year ago, but it improved from November 2020 round of the survey. The current situation index (CSI) continued to improve from its all-time low registered in September. Weak sentiments emanated from downbeat perception on the major parameters, viz., general economic situation, employment scenario, price levels and household incomes, when compared to a year ago. ....

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