Job seekers, firms see 'pessimism' in market sentiment: RBI Survey

A separate survey conducted to capture the impact of coronavirus showed "very sharp deterioration in sentiment across all sectors for Q4FY20, and stark pessimism for Q1FY21

The Reserve Bank of India (RBI) on Friday released the results of a couple of its surveys, conducted before the nation went lockdown. These show that the general population remain pessimistic about economic and job prospects in the immediate future, even as they expect some improvement in the next year, going by the consumer confidence survey.

However, a separate ‘industrial outlook survey’ was repeated a fortnight after the original survey was done, to capture a possible coronavirus impact. The survey, repeated with 48 companies as against 860 in the original, showed “very sharp deterioration in sentiment across all sectors for