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Arijit Ray
•
Twilio • 5m
The confidence of Indian consumers are declining regarding their financial situation and the broader economy. Despite somewhat positive inflation stats posted by the RBI this month, Indian consumers are becoming a bit pessimistic about their spendings and the economy, according to a recent consumer survey report by the RBI. Concerns about layoffs, rising among unemployment and—most importantly— the controversial rising food price inflation seem to be the primary factor behind dampening the mood of the average consumer. Now why is this important? Well, a negative sentiment definitely act as catalyst for the consumers wanting to spend less, which can have a ripple effect through the entire economy. This is why the RBI conducts this bi-monthly consumer confidence survey on their inflation expectations across 19 major cities. As per the latest report released this month, the expectations fell down harder than the last report that was released on May this year. What are your thoughts on the same? Let me know in the comments. Here is the latest report: https://www.rbi.org.in/Scripts/PublicationsView.aspx?id=22465 Special Thanks to The Daily Brief by Zerodha for bring this into my notice and creating an insightful news byte. PS: This article is part of a insights oriented newsletter "Buzzing Trendz" where every Friday, I handpick and share 3 insightful articles or stories covering the latest in Business, Tech and Trends. My goal is to cut through the noise to bring valuable and engaging content directly to you. If you like what you just saw, definitely give a thumbs up as that would encourage me to find more stories like this. Link to the Newsletter: https://curiousaboutmoney.substack.com/p/buzzing-trendz-2
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