The monthly Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI) for India, in May, has shown a sharp drop of 6.3 percentage points, over April 2021, amid COVID19 fears.
The monthly PCSI, which is driven by the aggregation of the four weighted sub-indices, has plunged across all 4 of them: The PCSI Employment Confidence (“Jobs”) Sub-Index is down by 4.7 percentage points; the PCSI Current Personal Financial Conditions(“Current Conditions”) Sub-Index has steeply fallen by 9.0 percentage points; the PCSI Investment Climate (“Investment”) Sub-Index has sharply declined by 8.4 percentage points; and the PCSI Economic Expectations (“Expectations”) Sub Index, has decreased by 4.4 percentage points.
Amit Adarkar, CEO, Ipsos India, said, “The second wave has been far greater in intensity as compared to the first wave and we are seeing its terrible impact not only on our healthcare infrastructure, which is stressed due to the steep surge in cases, but also on consumer sentiment, which has plummeted across the four sub-indices.
Read More: Mediabref
