Consumer sentiment worsened in the week after Budget: CMIE

Consumer sentiment worsened in the week after Budget: CMIE

The Index of Consumer Sentiments fell by 4.2% in the week after Budget reflecting worsening of household sentiments with more households feeling the economic situation would worsen both in the near future as well as over next five year, the Centre for Monitoring Indian Economy said.

“A full week after the presentation of the Union Budget, the Index of Consumer Sentiments fell 4.2% in contrast to a 9% increase in equity market valuations response to the budget on the bourses,” CMIE said .

News source : Economic Times

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