Why in news
Confidence about the economy, job opportunities and income levels marginally declined over the past two months, shows Consumer Confidence Survey.
The decline in confidence came after a consistent and steady increase in optimism in the post-COVID period.
The survey was conducted in May 2024, as the country cast its votes for the Lok Sabha elections, in urban households across 19 cities including, Mumbai, Kolkata, Delhi, and Chennai
Consumer Confidence Survey
The Reserve Bank of India (RBI) conducts a Consumer Confidence Survey bi-monthly to measure consumers' perceptions of the prevailing economic situation.
The survey is conducted across various cities and measures consumer confidence on parameters such as the economy, employment, price, income, and spending.
The survey consists of questions regarding consumers' sentiments over various factors in the current situation and future.
COMMENTS