Centre for Monitoring Indian Economy (CMIE): Consumer sentiment not yet at ‘Pre-Covid Levels’

17 December 2021, Mumbai:

The consumer sentiment index in November is far below the pre-pandemic levels though better than November last year, suggesting the economic recovery is excruciatingly slow and uninspiring, the Centre for Monitoring Indian Economy said.

According to CMIE, the index of consumer sentiments in November 2021 was substantially lower at 43% compared to pre-pandemic month of November 2019 though 16.1% higher than it in November 2020. “No other indicator has been as sluggish in recovery,” it saId.

CMIE is of the view that no other economic indicator is as important as the consumer sentiments index because it reflects the well-being of households, their perceived growth in income, their expectation of future income streams and their propensity to spend beyond just essentials.

ET (The news article has not been edited by DFU Publications staff)

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