Inflation hits durables in India.(Survey)(Brief article)

Market Asia Pacific | December 1, 2006 | Copyright

On November 10, 2006, The Economic Times (Guragon) expressed mystification at the idea that while India's overall consumer confidence was high, retail sales were not. The Times said, "Consumer confidence has not translated into more spending decisions this quarter."

Specifically, 79 percent of respondents to the consumer confidence survey said that the current time was not the right time to buy durables. This rate of response has remained at the 79 percent level for the past three quarters. Respondents blamed higher inflation rates-especially rising prices for food grains and ...

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