Home / Opinion / Columns / Consumer sentiments improve in July

Consumer sentiments improve in July

The July recovery in consumer sentiments is not only substantial but it is also spread evenly and robustly across regions

Premium

With default rates across India soaring on the mainly unsecured loans, the virus is undoing the business models of dozens of MFIs as funds dry up

Mahesh Vyas

5 min read Last Updated : Aug 03 2021 | 9:44 AM IST

The Indian economy seems to have recovered much faster from the second Covid-19 shock that struck India around April-May 2021 than it did from the first one about a year ago. Electricity generation and consumption did not fall much during April and May 2021 unlike in April 2020 and they displayed a smart spurt during July 2021. Labour participation recovered in July 2021 to its March 2021 level. The unemployment level was slightly elevated compared to the March 2021 level of 6.5 per cent but it has declined well to 7 per cent in July 2021 from 11.9 per cent

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : Consumer Sentiment Indicator Indian Economy CMIE data BS Opinion consumer sentiment Employment in India Unemployment in India

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in