: Consumers worried over income growth prospects #finance #StockMarketNEWS #Business New Delhi: Consumers are worried over their income growth prospects, while businesses are very confident about their

Posted in: #finance #StockMarketNEWS #Business

Consumers worried over income growth prospects #finance #StockMarketNEWS #Business
New Delhi: Consumers are worried over their income growth prospects, while businesses are very confident about their profit margins, as per a report by Motilal Oswal Financial Services While the consumers’ spending outlook is bleak, businesses appear very confident on maintaining a strong order book. Although consumers are highly concerned over job outlook, employers are much more optimistic, the report said.

Never ever in the past has there been such wide divergence between the current assessment of the businesses and consumer sectors.

The current situation index of CCS almost halved to 50 in 2HCY20 and 1HCY21 from 100 in the pre-Covid period (that is, 1HCY19). It has recovered since then, albeit, stayed very low at just 76.6 in 1QFY23. In contrast, the current assessment of businesses also plummeted to 56.5 in 1QFY21 from 108 in the pre-Covid period. However, it recovered dramatically to 100.6 in 2QFY21 and has been above 110 during the past four quarters.

As far as expectations are concerned, although the fall was not so large, consumers continue to remain considerably less optimistic than the pre-Covid period. In contrast, Indian businesses are the most optimistic in the past two decades, since when this data has been available.

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