It is quite possible that the controls on export of wheat and sugar could have caused the sentiments in general and expectations in particular to sour in recent times
Wounds of pandemic-induced lockdowns on households are healing
In 2022, India will record the fifth consecutive year of bumper wheat crop
The problem is that this recovery is grossly inadequate and the rate of recovery is not only too slow but is also slowing down
The improvement in sentiments during the early months of 2022 essentially reflects an increase in the proportion of households that believe that their current household incomes are better than they we
The delinking of activities from employment status allows a better understanding of what the unemployed do, or as CPHS informs us, what is the nature of occupation of the unemployed
Among the seven large economies compared with the US, Britain, Japan, China, Russia, Brazil and South Africa, which also bore the brunt of the pandemic like us, India was the worst hit: RBI
The return to normalcy in December 2021 was celebrated by the rich and not by the rest
In 2021, the growth in the proportion of households reporting an improvement in incomes has not translated into a proportionate increase in households reporting an inclination to buy consumer durables
Economic growth is supposed to deliver on these counts and not just on tax collections or freight movement or foreign trade
The survey was conducted between 15 and 21 October 2021
Urban India has been lagging the hinterlands on consumer sentiments
The persistence of poor consumer sentiments has ramifications on the sustainability of India's recovery from the sharp fall in 2020-21
If the slide in confidence translates to a pullback in spending, economic growth may decelerate further in the coming months.
While the recovery in sentiments in July is impressive, it needs better traction in the critical income groups
The July recovery in consumer sentiments is not only substantial but it is also spread evenly and robustly across regions
Here are the best of Business Standard's opinion pieces for Tuesday
India's problem is less with the unemployment rate and much more with the labour participation rate and the employment rate. The lasting impact of Covid is a much smaller worker participation rate
The recent optimism at the bourses stems from the hope that consumers will resort to 'revenge buying' once the lockdown condition is lifted following the second wave of Covid infections receding