A majority of households (around 60 per cent) in top-10 cities of the country are spending during the ongoing festive season, but the rising prices of petrol and diesel and increased prices of essentials have made them more budget- or value-conscious, according to a survey released on Sunday.
Online platform LocalCircles in its ‘Mood of the Consumer’ national survey covering over 61,000 households across top-10 cities claims to have seen a huge improvement in consumer sentiment.
According to the survey, the percentage of households planning to spend during festive season 2021 jumped from 30 per cent in May 2021 to 60 per cent in September 2021, as Covid-19 cases drastically reduced and economic certainty improved in these four months.
