The Reserve Bank of India or RBI has released the results of November 2023 round of its bi-monthly consumer confidence survey (CCS). Consumer confidence for the current period remained stable; the current situation index (CSI) remained unchanged at 92.2 from the previous round as higher pessimism on current general economic situation and employment was counterbalanced by a positive turnaround in sentiment on current income. Respondents remained fairly optimistic on the one year ahead prospects for general economic situation, employment, income and spending; the confidence on general economic and employment conditions were, however, a shade lower vis-?-vis the previous survey round, which led to a moderation of the future expectations index (FEI) within the positive terrain. Consumers retained negative sentiments on both current and future price conditions. Households? assessment of current earnings reached its highest level since July 2019 and expectations for future income also improved further.

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