(with data from May '22)
Hello Again!The monsoons are (almost!) here and we've already experienced our first/second/third waterlogging-related jam in Mumbai. And yet, despite all the challenges that we face as a nation, we refuse to let go of our optimism. In fact, we have yet another towering consumer confidence index - which is incidentally, the highest in the world! Some of this enthusiasm seems to be based on the bourgeoning Services PMI, the Construction and Manufacturing output growth indices and a cooling off in the unemployment and inflation rates. The rest of the buoyancy is probably because "we are like this only!"