Consumer confidence tumbles, future expectation index climbs: RBI
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New Delhi, Oct. 9 -- India's consumer confidence dipped further in September recording its third successive all-time low as household perception of economy and employment prospects worsened, the Reserve Bank of India (RBI) said in its consumer confidence survey released on Friday.
"The current situation index recorded its third successive all-time low, as the respondents perceived further worsening in general economic situation and employment scenario during the last one year," the RBI survey said. More respondents reported curtailment in both overall and essential spending during the past one year, when compared with the last survey round, it reported.
The current situation index (CSI) dropped to 49.9 in September, from the last report...
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