{"id":25142,"date":"2021-11-25T16:33:51","date_gmt":"2021-11-25T11:03:51","guid":{"rendered":"https:\/\/plyinsight.com\/?p=25142"},"modified":"2021-11-25T16:37:23","modified_gmt":"2021-11-25T11:07:23","slug":"household-incomes-better-caution-prevails","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/household-incomes-better-caution-prevails\/","title":{"rendered":"Household incomes better, caution prevails"},"content":{"rendered":"

India’s Index of Consumer Sentiments generated by CMIE using its Consumer Pyramids Household Survey rose 2.1 per cent in October 2021. This was the fourth consecutive month that the index increased. Sentiments have been improving since July 2021, after the second wave of the Covid-19 Pandemic abated.<\/p>\n

While this is a smart increase in sentiments, the index is still substantially lower than its pre-pandemic level.<\/p>\n

Consumer sentiments need to improve to levels higher than the pre-pandemic level for the Indian economy to get astride a sustainable economic growth path. This appears still quite distant. Given that private final consumption expenditure accounts for a substantial 59 per cent of GDP, a faster improvement in consumer sentiments is important to ensure a sustainable recovery in growth. Incomes are improving . this is a beginning that needs to transcend to higher spending, this transition from income to spending or intentions to spending is turning out to be sluggish.<\/strong><\/p>\n

Change in household incomes is one of the five components of the Index of Consumer Sentiments.<\/p>\n

Households have similarly displayed caution when it comes buying non-durables.<\/p>\n

The festive season seems to have had almost no impact on the willingness to buy consumer non-durables.<\/p>\n

More than half the households feel that this is a worse time to buy consumer non-durables compared to a year ago.<\/p>\n

This caution has persisted in October in spite if a continued improvement on the income and income-expectations front.<\/p>\n

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\u0906\u092f \u092e\u0947\u0902 \u0935\u0943\u0926\u094d\u0927\u093f \u0914\u0930 \u092d\u0935\u093f\u0937\u094d\u092f \u092e\u0947\u0902 \u0906\u092f \u092c\u095d\u0928\u0947 \u0915\u0940 \u0909\u092e\u094d\u092e\u0940\u0926\u094b\u0902 \u0915\u0947 \u092c\u093e\u0926 \u092d\u0940 \u0905\u0915\u094d\u091f\u0942\u092c\u0930 \u092e\u0947\u0902 \u0932\u094b\u0917\u094b\u0902 \u092e\u0947\u0902 \u092f\u0939 \u0938\u0924\u0930\u094d\u0915\u0924\u093e \u0926\u093f\u0916\u093e\u0908 \u0926\u0940\u0964<\/p>","protected":false},"excerpt":{"rendered":"

India’s Index of Consumer Sentiments generated by CMIE using its Consumer Pyramids Household Survey rose 2.1 per cent in October 2021. This was the fourth consecutive month that the index increased. Sentiments have been improving since July 2021, after the second wave of the Covid-19 Pandemic abated. While this is a smart increase in sentiments, […]<\/p>","protected":false},"author":1,"featured_media":25145,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1808],"tags":[1632,354,1821,322,1820],"class_list":["post-25142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-november-news-2021","tag-consumer","tag-economic","tag-family","tag-gdp","tag-household-income"],"yoast_head":"\nHousehold incomes better, caution prevails - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/household-incomes-better-caution-prevails\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Household incomes better, caution prevails - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"India’s Index of Consumer Sentiments generated by CMIE using its Consumer Pyramids Household Survey rose 2.1 per cent in October 2021. This was the fourth consecutive month that the index increased. Sentiments have been improving since July 2021, after the second wave of the Covid-19 Pandemic abated. 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