The survey shows that people gave good ratings in all areas, which made the current situation look better by 3.4 points, reaching 98.5. This is the highest it’s been since mid-2019.
The most recent survey done by India’s Reserve Bank (RBI) found that people are feeling much more confident about spending money. This confidence is the highest it’s been since around mid-2019.
The survey came out on April 5th and it showed that people are feeling positive about different aspects of the economy.
They talked to 6,083 people between March 2nd and 11th for the survey. About half of the people who answered were women.
The survey results show that people feel good about the economy right now. They rated things positively, leading to a rise in the Current Situation Index (CSI) to 98.5 points. This is the highest it’s been since mid-2019.
The CSI measures how people feel about the economy at the moment.
Also, people are feeling optimistic about the future. The Future Expectations Index (FEI), which looks at how people feel about the economy in the next year, went up to 125.2 points. This is the highest it’s been since mid-2019 too.
The survey also found that people feel better about the overall economy and job opportunities now and in the future.
The data also shows that more factories are being used. In the last quarter of 2023, 74.7% of manufacturing capacity was being used, up from 74% in the previous quarter.
RBI Governor Shaktikanta Das said in a speech on Friday that investment opportunities look good because businesses are spending more, the government is investing steadily, banks and companies are financially stable, and factories are using more of their capacity.
