As the general elections approach, it’s timely to look at how optimistic the Indian public is feeling about its economic situation. Economist Radhika Pnadey and Deputy Editor TCA Sharad Raghavan look at a range of indicators to measure the mood of the nation, in #MacroSutra --------------------------------------------------------------------------------------------- Subscribe to ThePrint : https://theprint.in/subscribe/ --------------------------------------------------------------------------------------------- Chapters 07:36 - Consumers are expecting inflation to trend downwards over the next three months and one year 08:17 - Current perception is that inflation is higher than what official data shows, but this perception is also lower now 10:20 - Consumer sentiments on income, inflation & expenditure is back to pre-COVID levels as per RBI survey 13:06 - Consumer sentiments as measured by CMIE shows a decline in January and February this year 14:43 - Even as per the CMIE survey, consumer sentiments are back to around pre-COVID levels 16:25 - Net financial savings of households saw a steep decline in 2022-23 to a 47-year low 16:52 - However, physical savings of households has risen to a 10-year high 17:18 - Household debt has reached 38% of GDP, a very high level 17:50 - In FY24 as well, the same trends of high household debt has continued 19:47 - The increase in demand for housing suggests an increase in optimism 21:40 - RBI has already taken preemptive measures to curb the growth in unsecured lending 24:15 - Government data shows the unemployment rate has fallen to 3.1% in FY23 24.35 - The labour force participation rate has also improved, which means more people are looking for work 25:51 - A matter of concern is that the share of self-employed people in the workforce has increased --------------------------------------------------------------------------------------------- Read Radhika Pandey's column here : https://theprint.in/macrosutra/in-india-households-optimistic-about-state-of-economy-despite-rising-debt-expect-inflation-to-ease/2036788/ --------------------------------------------------------------------------------------------- Exclusive content, special privileges & more – Subscribe to ThePrint for Special benefits: https://theprint.in/subscribe/ --------------------------------------------------------------------------------------------- Connect with ThePrint » Subscribe to ThePrint: https://theprint.in/subscribe/ » Subscribe to our YouTube Channel: https://bit.ly/3nCMpht » Like us on Facebook: https://www.facebook.com/theprintindia » Tweet us on Twitter: https://twitter.com/theprintindia » Follow us on Instagram: https://www.instagram.com/theprintindia » Find us on LinkedIn : https://www.linkedin.com/company/theprint » Subscribe to ThePrint on Telegram: https://t.me/ThePrintIndia » Find us on Spotify: https://spoti.fi/2NMVlnB » Find us on Apple Podcasts: https://apple.co/3pEOta8