Confidence about the economy, job opportunities and income levels marginally declined over the past two months, shows data from the Reserve Bank of India’s (RBI) bi-monthly Consumer Confidence Survey. The decline in confidence came after a consistent and steady increase in optimism in the post-COVID period. Confidence about the economy continued to recover in the following months and reached a peak with 41.2% saying it improved in March 2024. Chart 4 | The chart plots respondents’ opinions of current income levels compared to 2023. Put together, the consistent recovery in confidence about the economy, jobs and income levels, recorded in the many months after the pandemic threat ended, paused in May 2024.

Source: The Hindu June 16, 2024 15:04 UTC