Reserve Bank of India's (RBI) latest consumer confidence survey confirms people of the nation feel India has become worse, economically, under the rule of Narendra Modi since 2014.
As many as 48 percent respondents in six metropolitan cities such as Delhi, Mumbai, Bengaluru, Hyderabad, Chennai and Kolkata opined general economic situation worsened from a year ago. Whereas, 31.9 percent believe it has actually improved. This resulted in a net response of Minus 16.1, much more than what it was in June 2014 (-14.4 percent). About 49.5 percent respondents are hopeful that situation would improve but 27.8 percent say it will worsen.
In May 2018, 50.8 percent of respondents said they expect their salary to increase next year. This stood at 63.9 percent in June 2014.
Only in Inflation NDA Govt scored better than UPA-II, that too because of the lower crude oil prices. Modi & Co., can't claim credit for it either. From $110 a barrel in May 2014, Oil prices touched $30.8 per barrel in January 2016. But now, Crude Oil Prices has been increasing rapidly.
As many as 48 percent respondents in six metropolitan cities such as Delhi, Mumbai, Bengaluru, Hyderabad, Chennai and Kolkata opined general economic situation worsened from a year ago. Whereas, 31.9 percent believe it has actually improved. This resulted in a net response of Minus 16.1, much more than what it was in June 2014 (-14.4 percent). About 49.5 percent respondents are hopeful that situation would improve but 27.8 percent say it will worsen.
In May 2018, 50.8 percent of respondents said they expect their salary to increase next year. This stood at 63.9 percent in June 2014.
Only in Inflation NDA Govt scored better than UPA-II, that too because of the lower crude oil prices. Modi & Co., can't claim credit for it either. From $110 a barrel in May 2014, Oil prices touched $30.8 per barrel in January 2016. But now, Crude Oil Prices has been increasing rapidly.