Consumer confidence in India surges to highest level since mid-2019: RBI survey

A recent RBI survey shows that consumer confidence in India has surged to its highest level since mid-2019. Respondents expressed optimism about the current economic situation and future expectations. The survey also highlighted bright prospects for investment activity, with capacity utilisation in the manufacturing sector on the rise. The RBI MPC has decided to keep the repo rate unchanged at 6.5 percent.
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