Enthusiasm in the industry after the budget weakened the minds of consumers on the other hand

Mumbai, Ta. 13 February 2021, Saturday

After the presentation of the budget for the financial year 2021-2, the mood of the country's industry is showing a one-sided improvement while the mood of the consumers has weakened. The Consumer Sentiments Index fell 2.50 per cent in the week after the budget was released, indicating a sharpening of consumer sentiment, according to a report by the Center for Monitoring Indian Economy (CMIE).

In the full week since the Union Budget was released, the Consumer Sentiments Index has declined by 2.50 per cent while the equity market has risen by 3 per cent.

The country's consumers have not been particularly affected by the budget. On the contrary, he has expressed his displeasure with the budget. Of the survey participants, 2.50 per cent expected their income to deteriorate in a year. In the week before the budget, the figure was 8.50 per cent.

Of the survey participants, only 2.50 per cent expected their income to grow in a year. 3.50 per cent people expected no improvement. Before the budget, 2.50 per cent people thought that the financial and trade situation would improve, but after the budget, the figure has come down to 6.50 per cent. Due to the adverse impact on people's income after the epidemic, people are now adopting a cautious attitude in making new purchases.