RBI Launches Nationwide Consumer Sentiment Surveys

NATIONAL
📅 Apr 30, 2025
Thematic Focus: Economy, RBI Policy, Inflation Expectations

🌱 INTRO WHISPER
When a nation listens to its people not just in words but in numbers, it calibrates growth with conscience.

Key Highlights:

• New RBI Surveys Launched: The Reserve Bank of India (RBI) has initiated three nationwide surveys to better align its monetary policy framework with public expectations:
  • Inflation Expectations Survey of Households (IESH) – conducted in 19 cities, gauges how people perceive future price trends.
  • Urban Consumer Confidence Survey (UCCS) – also covers 19 cities, focusing on urban sentiments regarding income, employment, spending, and prices.
  • Rural Consumer Confidence Survey (RCCS) – spans 31 states and UTs, capturing rural voices on economic and employment outlooks.
• Why These Surveys Matter:
  These insights help the Monetary Policy Committee (MPC) to:
  • Understand inflation psychology
  • Adjust repo rates and liquidity measures
  • Tune policy interventions to public confidence and distress signals
• Data-Driven Decision-Making:
  RBI uses these surveys before every bi-monthly MPC meeting—the next one scheduled for June 4–6, 2025. Findings will directly influence key interest rate decisions.

GS Paper Mapping

GS Paper 3: Indian Economy

• Monetary policy
• Role of RBI
• Inflation targeting
• Consumer sentiment and macroeconomic forecasting

A Whispering Thought:

“When data listens to the heartbeat of a household, policies echo with the rhythm of a people.” 📊