The BSE-CMIE-UMich Index of Consumer Sentiment declined sharply by 3.7 per cent in June.
Consumer sentiments improved by an impressive 5.7% during the week ended June 18
Job losses have led to people quitting the labour markets itself
A number of recent media reports suggest layoffs are now common in India these days
In April 2017, the unemployment rate in India was just 3.76 per cent
It shot up by 6.4% from 93.84 in March 2017 to 99.82 in April
The farm loan waiver seems to have accentuated this divergence in consumer sentiment
The MNI India Consumer Sentiment Indicator rose to 111.2 in March from 108.9 in February