Indian Consumers Sing ‘Acche Din’ Even as Businesses Feel the Blues

While the latest figures from Mastercard’s Consumer Confidence Index finds that Indian consumers are the most optimistic among their Asian peers, the same cannot be said about India’s businesses.

In today’s chart of the day, we take a look at two sentiment-driven indices. The first one measures Indian consumer confidence and second measures overall business expectations of India Inc.

The Indian Consumer Confidence Index is at all-time high of 97.63. This is higher than its Asia-Pacific peers like Japan, China, Australia, Indonesia among others.

On the flipside, the India PMI Overall Business Expectations Index is running at 65 – its lowest level since 2013.

Also, the gap between the two indices is at its widest in more than 12 quarters.