Consumer sentiments in India fell for the fourth consecutive month to the lowest on record, as consumers reported a further deterioration in their personal finances amid rising inflation, a survey by Deutsche Borse found.
The MNI India Consumer Sentiment Indicator fell 4.6 per cent to 108.5 in December from 113.7 in November. While sentiment remains above the 100 level, meaning optimists still outnumber pessimists, it has fallen 9.3 per cent over the past year.
“Confidence has been in trend decline over the past year and has fallen sharply since April in spite of aggressive action from the central bank to boost economic growth, questioning just how solid the economy is,” Deutsche Borse said in a report.
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Source Credits: PTI & NDTV