Mirror Now
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RBI survey: Consumer confidence drops to record low due to COVID-19 pandemic
Posted
June 5, 2020
Views
173
Likes
2
Engagement
1.16%
June 5, 2020
173
2
1.16%
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3:09Now PlayingConsumer confidence in India has been completely shaken and fallen to record lows. According to the Reserve Bank of India (RBI) Consumer confidence survey for the month of May 2020, it may result in contraction of the economy by 1.5 percent during 2020-21 and, the toll that the lockdown has taken on the economy has resulted in consumer perception about the current economic situation, jobs, and expectations of income completely collapsing and this is going to have a direct impact on a lot of things. Mirror Now's Avni Raja explains the overall aspect of Consumer confidence and how it could impact the economy! Listen in!
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