The consumer confidence survey is conducted by RBI in the six cities of Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai and New Delhi. That’s in contrast to the net 1.4% who felt their current incomes were higher than a year ago. Contrast that with June 2014, in the first flush after the election, when the net percentage was as high as 54.9%. Look no further than the latest RBI survey of professional forecasters. The government should take the results of the RBI surveys as an early warning signal.

Source: Mint August 07, 2017 19:41 UTC