 "Can India's mood be captured in real time?")
The index of consumer sentiments (ICS) grew by 0.8 per cent in May 2022. That’s a rather small increase. Monthly growth in the ICS in the past few months has been in low single-digits, but a fall below one per cent is a new low. The fall in the growth rate in May is not surprising because it seems to be an extension of a trend of falling growth rates of the ICS since February 2022. May was the fourth consecutive month of a fall in the growth rate.
The two major features of the May ICS are — first,
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