SME Times is powered by   
                          Search News
                          Just in:   • Indian credit market most underpenetrated: EarlySalary CEO& Co-founder  • Farm exports: On firm ground  • Axis Bank's Q1FY22 YoY net profit rises 94%  • Infosys paid Rs 164.5 cr for new IT e-filing portal: Govt  • Confidence over job scenario, economic prospects remain subdued in July 
                          Last updated: 25 Jul, 2021  

                          India.Growth.9.Thmb.jpg Confidence over job scenario, economic prospects remain subdued in July

                             Top Stories
                          » Confidence over job scenario, economic prospects remain subdued in July
                          » Gold imports surge in Apr-Jun, silver imports fall
                          » E-commerce rules: CAIT calls for strict monitoring
                          » Oil import bill to fall to decade low levels
                          » Taking steps to uplift startups, manufacturing
                          SME Times News Bureau | 25 Jul, 2021
                          Confidence of urban Indians over the employment scenario in the country and the economic prospects remains subdued although the overall consumer confidence has recorded in uptick in July.

                          As per the Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI), the Employment Confidence Sub-Index is down by 0.1 percentage points, and the Economic Expectations Sub Index, has reduced by 1.8 percentage points.

                          The Primary Consumer Sentiment Index (PCSI), which constitutes of four sub-indices slightly improved by 1.1 percentage points in July 2021, over the previous month.

                          The overall growth can be attributed to improved sentiments in terms of investment climate and personal finance conditions.

                          The PCSI Investment Climate Sub-Index is up by a significant 3.7 percentage points, while the Current Personal Financial Conditions Sub-Index has also recovered by a healthy 3.5 percentage points.

                          "Easing of restrictions and reopening since June has positively impacted livelihoods and we are seeing a robust uptick in sentiment for personal finances (for day to day running of households) and for investments (savings and investing for the future)," said Amit Adarkar, CEO, Ipsos India.

                          "However, the recovery around jobs and particularly the economy is slow and unless the mass immunisation becomes a reality, we are likely to see the government working with utmost caution, to mitigate another wave of infections. And hence the economy may take longer to get back on grid. Which I believe we'll need to accept because the corona virus threat is still far from over, with many other countries facing the onset of a new wave," Adarkar added.
                          Print the Page
                          Add to Favorite
                          Share this on :

                          Please comment on this story:
                          Subject :
                          (Maximum 1500 characters)  Characters left 1500
                          Your name:

                            Customs Exchange Rates
                          Currency Import Export
                          US Dollar
                          UK Pound
                          Japanese Yen 58.85 56.85
                          As on 26 Jul, 2021
                            Daily Poll
                          COVID-19 has directly affected your business
                           Can't say
                            Commented Stories
                          About Us  |   Advertise with Us  
                            Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
                          Follow Us : Facebook Twitter