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Genesis India Consumer Indicator 61.71 in August compared with 62.44 in July Early August Interest Rate Hike Dents Real Estate Sentiment

The Genesis India Consumer Indicator (GICI) fell to 61.71 in August from the record high of 62.44 seen in July. Four out of the five components that comprise the GICI decreased between July and August, with only a bounce back in the durable buying conditions component stopping a larger fall. Respondents’ views on current business […]

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Genesis India Consumer Indicator 62.44 in July compared with 60.00 in June Consumers postpone purchases ahead of cut in GST

The Genesis India Consumer Indicator (GICI) rose to 62.44 in July from 60.00 in June, marking a new record high in the series. The latest rise in consumer confidence was mainly due to a continued improvement in sentiment about future prospects for both business conditions and household finances. There were also smaller increases in sentiment […]

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Genesis India Consumer Indicator 60.00 in June compared with 60.45 in May Consumer sentiment strengthens further in Apr-Jun quarter

The Genesis India Consumer Indicator (GICI) remained broadly stable at 60.00 in June compared with 60.45 in May. It appears that the hike in interest rates by the Reserve Bank of India has done little to dent sentiment. More than 67% of survey responses came after the 25 basis points rise to 6.25% on June […]