Consumer Sentiment Indicator

While the relatively richer and poorer households have seen their consumer sentiments spurt, the middle income households have seen slower growth in their sentiments

The largest provider of employment in Maharashtra is the agricultural sector

We see a fairly remarkable improvement in the Indian consumer sentiments during the first 10 weeks of 2023

There was a marginal improvement in India's labour participation rate to 39.92% in February compared to 39.8% in January 2023

The recovery in consumer sentiments from the pandemic has been the slowest among all economic indicators

India suffers from a poorly educated workforce that is confined to poor quality jobs. Most employment is informal and in the unorganised sector

Small traders and daily wage labourers had recorded a sharp 22 per cent increase in their ICS between June and September 2022

Around 0.28 million women aged 20-29 entered the labour force in this period, according to CMIE's Consumer Pyramids Household Survey data

The Index of Consumer Sentiments shrunk by 0.9% in December 2022 after having declined by 1.7% in November

Like the labour market stress is concentrated in urban India, consumer sentiments have also soured essentially in urban India

The unemployment rate was over 8% in all three weeks that ended in December

Average wages paid by listed companies is more than twice the salaries paid by other enterprises

The major religious minorities - Muslims and Christians - have withdrawn from the labour markets more than the majority faith. But again, the difference is not alarming

Sentiments have neither collapsed, nor have they stepped down after the festive season. They seem to have sustained the elevated levels they had achieved during the festive season

Salaried jobs declined from 86 million in September 2022 to 84.7 million in October

Meghalaya and Tripura top in terms of the labour participation rate and the employment rate. At over 60%, Meghalaya has the highest LPR

Rajasthan has a high unemployment rate of around 25%. In September 2022, the unemployment rate was 23.8%

The employment reality is grimmer than what the household survey data tell us. This is true for Chhattisgarh as much as it is for Uttar Pradesh. And, also for other states

While consumer expectations grew in both rural and urban regions, the rate of increase was much higher in urban than in rural areas

It was rural India that made the bigger con­tri­bution to the turnaround in labour conditions