Why this RBI survey has stirred a hornet’s nest

NEW DELHI: Every three months, the
Reserve Bank of India (RBI) releases findings of a
consumer confidence survey. The latest survey findings came out on June 6, the day
RBI also raised interest rate for the first time in four years. Opposition cited it to show economy isn’t doing well. Railways minister Piyush Goyal dismissed it as not rooted in reality. Both should have read the survey more closely, because it shows a big jump in consumer confidence next year — which is the year of reckoning for Indian politics.

Here are the five key findings explained along with graphs:

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