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Hindustan Times
07-08-2025
- Business
- Hindustan Times
Rural consumer's economic situation improved, optimistic for future: RBI survey
The recently released Rural Consumer Confidence Survey by RBI has shown signs of improvement in economic conditions for rural consumers in India. The survey, which was conducted from July 1 to July 12 this year with 7,924 collected responses, showed that the consumer sentiment has improved marginally, with consumers stating that their economic situation has improved. The Current Situation Index (CSI) improved marginally owing to a broad-based improvement across major survey parameters(Reuters/Representational ) According to the survey, 41.6 per cent of rural consumers responded positively, stating that their economic condition has improved in the past two months, while 24 per cent of consumers noted that the conditions remain unchanged. And 34.4 per cent of consumers said that their situation has worsened. However, it is worth noting that, while the economic situation shows improvement, employment conditions have remained the same, as per the data. The Current Situation Index (CSI) has edged up slightly after broad-based improvements in most parameters covered in the survey, PTI reported Improved Consumer Situation Index Stating the reasons behind this improvement, the RBI in the report said that, "rural consumer confidence for the current period has improved; the Current Situation Index (CSI) inched up marginally owing to broad-based improvement across major survey parameters". RBI releases the findings of the July 2025 round of its bi-monthly survey on Wednesday. Aimed at collecting views from rural and semi-urban households in India, it tries to capture the current perceptions and future predictions of key indicators. These key indicators range from economic situation, income, spending, and inflation. Also read: RBI holds repo rate at 5.5% amid Trump tariff pressures; Home loan demand may rise during festive season Future expectations and economic conditions In terms of the future expectations and future economic condition, approximately 59.6 per cent of responses were related to improving conditions in the coming year. Meanwhile, 21.2 per cent of respondents highlighted that it will remain the same, and only 19.2 per cent feel it may worsen. Consumers also shared that they expect employment opportunities and income levels to rise in the next year. However, many rural households also anticipated an increase in their spending going forward. Consumers expect inflation to decline in future The survey also noted that the household's current inflation perception has declined by 50 basis points to 5.8 per cent in July 2025. In this round, a higher percentage of rural households expected prices and inflation to decline in the future." Overall, the survey highlighted a growing sense of recovery and hope among India's rural consumers, despite challenges in employment and rising spending expectations.
Business Standard
07-08-2025
- Business
- Business Standard
Urban consumers expect decline in both price and inflationary pressures over coming year
Reserve Bank released the results of July 2025 round of its bi-monthly urban consumer confidence survey (UCCS). The central bank noted that owing to improved sentiments across most of the survey parameters, consumer confidence for the current period improved marginally. The Current Situation Index (CSI) rose by 1.1 points to 96.5 in July 2025. Consumer confidence for the year ahead horizon continued to remain in optimistic territory, indicating robust confidence in outlook. The Future Expectations Index (FEI) also rose by 1.3 points to 124.7 in this survey round. Pessimism on the current price level and inflation eased sequentially in the last three rounds. Households also expect a decline in both price and inflationary pressures over the coming year.
Economic Times
07-08-2025
- Business
- Economic Times
Rural consumers economic situation improved in last 2 months, optimistic for year ahead: RBI Survey
Synopsis The Reserve Bank of India's survey reveals improved economic conditions for rural consumers. The survey conducted in July 2025 shows a rise in consumer confidence. More rural consumers report better economic situations. They also anticipate improvements in the coming year. Expectations include increased employment and income. However, rising spending and inflation remain concerns. TIL Creatives Representational New Delhi: The economic condition of rural consumers in India has shown signs of improvement over the past two months, according to the Reserve Bank of India's latest Rural Consumer Confidence Survey (RCCS). According to the latest survey, conducted during July 1 to 12, 2025, with 7,924 valid responses, rural consumer sentiment has improved marginally during the current period. As per the data, 41.6 percentage of rural consumers responses stated that their economic situation has improved in the past two months, while 24 per cent noted that it remains the same. Only 34.4 percentage said that their situation has worsened. About 7.1 percentage of respondents did not offer any while the economic situation showed improvement, employment conditions remained unchanged according to the survey data. The Current Situation Index (CSI) has edged up slightly due to a broad-based improvement on most parameters covered in the survey. The central bank released the results of the July 2025 round of its bi-monthly survey on survey collects views from rural and semi-urban households across all Indian states and three major Union captures both current perceptions (compared to a year ago) and future expectations for the next year on key indicators such as economic situation, employment, income, spending, and inflationRBI stated "Rural consumer confidence for the current period has improved; the Current Situation Index (CSI) inched up marginally owing to broad-based improvement across major survey parameters".Looking ahead, households expressed optimism about the future. Approximately 59.6 percentage of responses of rural consumers expect their economic condition to improve in the coming year. Meanwhile, 21.2 percentage responses highlighted that it will remain the same, and only 19.2 percentage feel it may also shared that they expect employment opportunities and income levels to rise in the next year. However, many rural households also anticipated an increase in their spending going Future Expectations Index (FEI) has continued to improve steadily for the sixth consecutive round, indicating rising optimism among rural inflation, the survey found that the households' current inflation perception declined by 50 basis points to 5.8 per cent in July 2025 compared to the previous year-ahead inflation expectations also saw a notable drop of 100 basis points, coming down to 7.9 per share of rural households who anticipate a decline in prices and inflation for the year ahead also increased in this the survey highlighted a growing sense of recovery and hope among India's rural consumers, despite challenges in employment and rising spending expectations.
Time of India
07-08-2025
- Business
- Time of India
Rural consumers economic situation improved in last 2 months, optimistic for year ahead: RBI Survey
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: The economic condition of rural consumers in India has shown signs of improvement over the past two months, according to the Reserve Bank of India 's latest Rural Consumer Confidence Survey (RCCS).According to the latest survey, conducted during July 1 to 12, 2025, with 7,924 valid responses, rural consumer sentiment has improved marginally during the current per the data, 41.6 percentage of rural consumers responses stated that their economic situation has improved in the past two months, while 24 per cent noted that it remains the same. Only 34.4 percentage said that their situation has worsened. About 7.1 percentage of respondents did not offer any while the economic situation showed improvement, employment conditions remained unchanged according to the survey Current Situation Index (CSI) has edged up slightly due to a broad-based improvement on most parameters covered in the central bank released the results of the July 2025 round of its bi-monthly survey on survey collects views from rural and semi-urban households across all Indian states and three major Union captures both current perceptions (compared to a year ago) and future expectations for the next year on key indicators such as economic situation, employment, income, spending, and inflationRBI stated "Rural consumer confidence for the current period has improved; the Current Situation Index (CSI) inched up marginally owing to broad-based improvement across major survey parameters".Looking ahead, households expressed optimism about the future. Approximately 59.6 percentage of responses of rural consumers expect their economic condition to improve in the coming year. Meanwhile, 21.2 percentage responses highlighted that it will remain the same, and only 19.2 percentage feel it may also shared that they expect employment opportunities and income levels to rise in the next year. However, many rural households also anticipated an increase in their spending going Future Expectations Index (FEI) has continued to improve steadily for the sixth consecutive round, indicating rising optimism among rural inflation, the survey found that the households' current inflation perception declined by 50 basis points to 5.8 per cent in July 2025 compared to the previous year-ahead inflation expectations also saw a notable drop of 100 basis points, coming down to 7.9 per share of rural households who anticipate a decline in prices and inflation for the year ahead also increased in this the survey highlighted a growing sense of recovery and hope among India's rural consumers, despite challenges in employment and rising spending expectations.
Indian Express
07-08-2025
- Business
- Indian Express
Rural, urban consumer confidence on the upswing, but inflation likely to rise in FY27: RBI survey
Consumer confidence in both rural and urban areas saw a positive shift in July, according to the Reserve Bank of India's (RBI) forward-looking surveys. This improvement has been largely driven by a decline in retail inflation and lower interest rates. However, the RBI survey on inflation expectations also flagged a potential rise in retail inflation in the next financial year (2026-27), projecting retail inflation to climb to 4.4 per cent, up from the expected 3.1 per cent for 2025-26. The survey highlighted a modest improvement in rural consumer sentiment for the current period, with the Current Situation Index (CSI) ticking up slightly. This gain reflects better conditions across key indicators such as employment, income, price levels, and overall economic sentiment. Meanwhile, the Future Expectations Index (FEI), which gauges consumer outlook for the year ahead, continued to strengthen, marking its sixth consecutive improvement. These indices — CSI and FEI — are based on household responses to five key parameters: the general economic situation, employment, income, price levels, and spending patterns. The survey also showed that a greater number of rural households now expect inflation and prices to ease in the coming year. This shift in sentiment was supported by a drop in their current perception of inflation, along with a significant decline in expectations for future inflation. A similar trend was observed among urban consumers, whose confidence also saw a slight uptick, driven by more favourable views across most indicators. The urban CSI registered a modest gain, while future expectations remained firmly positive, indicating strong confidence in the economic outlook. The FEI also continued to improve, with the survey noting that concerns about inflation and prices have steadily decreased over the last three rounds. Households now expect price pressures to soften further over the next year. However, while optimism about current earnings has grown, expectations for future income have remained largely unchanged. The RBI's survey on credit conditions shows that banks continue to offer easy lending terms, with most respondents expecting stronger loan demand in the second quarter of 2025-26. This anticipated growth is driven by increased borrowing across sectors such as agriculture, mining, manufacturing, and retail or personal loans. Banks also expect loan terms to ease further, particularly for businesses in the manufacturing and services sectors. Overall, sentiment on loan demand remains upbeat through the fourth quarter of 2025-26, with the current favourable lending conditions likely to persist into the second half of the year. The survey did note, however, that loan demand in the first quarter had seen a seasonal dip across major sectors — a trend consistent with past patterns. According to the RBI's latest data, bank credit growth was at 9.8 per cent as against 14 per cent a year ago. Despite the current easing of inflation, the RBI survey on inflation projects that price pressures are likely to return in 2026-27. Headline inflation, as measured by the Consumer Price Index (CPI), is expected to rise from 3.1 per cent in 2025-26 to 4.4 per cent in the following year. While inflation is expected to remain subdued in the near term, a gradual increase is forecast in the latter part of the year. Core inflation — which excludes food, fuel, and intoxicants — is also expected to stay elevated within a narrow range during the upcoming quarters. These projections are in line with the outlook of the Monetary Policy Committee, which foresees a steady rise in inflation through the end of the fiscal year and into the first quarter of 2026-27. The findings underscore the need for careful monitoring and timely policy responses to manage inflationary risks effectively.
