About

• The Reserve Bank of India (RBI) conducts nationwide Consumer Confidence Survey every two months among select households in major cities. 
• It is conducted with an objective to assess their current perception and future expectations on various economic parameters such as on general economic situation, employment scenario, overall price situation and own income and spending.
• The survey indicates how optimistic or pessimistic consumers are regarding their expected financial situation. 
• Consumer confidence is key to economic growth as consumption increases when they feel confident about the present economic situation and their own financial conditions. 
• If the consumers are optimistic, spending will be more, whereas if they are not so confident, then their poor consumption pattern may lead to recession.