Over 50% Indians feel Job situation getting worse: RBI Survey


New Delhi, Oct 6 (Agencies) : The Indian consumers' confidence in the overall economic situation and the employment scenario dropped to a six-year low in September, according to Reserve Bank of India (RBI)'s latest monetary policy, according to the report published by News18 media.

Both the current situation index and the future expectations index recorded declines, the RBI said in its consumer sentiment survey report. The Current Situation Index (CCI) dropped to 89.4 in September from 95.7 recorded in the July round of survey, the RBI data, released on Friday, showed.

News 18 media reports, Of the total respondents, 47.9 per cent said the general economic situation had worsened and only 33.5 per cent thought the situation had improved. About 53 per cent expected the situation to improve in one year.

A total of 52.5% felt the employment situation had worsened and 33.4% said the situation would only get worse in the coming year.

“Respondents perceived an increase in the price level over the last one year and a majority of them expect prices to rise further in the coming year; as a result, sentiments on overall spending as well as essential spending remain strong, though sentiments on discretionary spending weakened,” said the survey.

The survey was conducted in 13 major cities, among 5,192 households.

 

  

Comment on this article

  • zakir Hussain, Dubai/Moodbidri

    Mon, Oct 7 2019

    Ungrateful and highly unsuccessful MODI BJP govt is responsible for all this..

    Raise slogans now again....!!! JAI JAI MODI/ Har ghar.MODI/HOWDY/ROWDY/GODI/BOODI

    DisAgree Agree [3] Reply Report Abuse

  • G R PRABHUJI, Mangalore

    Mon, Oct 7 2019

    If the same Government continues, than it will reach 100% , no doubt.

    DisAgree [4] Agree [29] Reply Report Abuse

  • tds, Mangalore

    Mon, Oct 7 2019

    Why only feel now???? Better wait for sometime till feel 100%

    DisAgree [3] Agree [20] Reply Report Abuse

  • N Mukkawala, kinnigoly

    Mon, Oct 7 2019

    Future Generation must be educated to become Job creators not Job seekers as happening in china ,korea.

    DisAgree Agree [7] Reply Report Abuse

  • Clifford, Mangalore

    Mon, Oct 7 2019

    BJP should do some hard work about creating new jobs. Empty sloagans dont fill the belly. All the coffers are empty. Do some hard work instead of political vandalism.

    DisAgree [1] Agree [14] Reply Report Abuse

  • VISHUKIRAN FERNANDES, Kalasa

    Sun, Oct 6 2019

    I wonder what our next generation kids will have work or not. Unemployment equals rise in crimes in future.

    DisAgree Agree [35] Reply Report Abuse

  • kavi, vittal/Dubai

    Sun, Oct 6 2019

    There is nothing wrong with this govt. Mr. Modi has competed the remaining job of vallab bai Patel by scrapping article 370 of J&K. No other PM had the courage to do that so far. The economy will improve step by step. let us cooperate with PM for better future.

    DisAgree [73] Agree [8] Reply Report Abuse

  • Dsouza, Mangalore

    Mon, Oct 7 2019

    You start by at least donating your 1 month's salary !!!

    DisAgree [1] Agree [4] Reply Report Abuse

  • zakir, B'lore

    Mon, Oct 7 2019

    Co-operate till it becomes 100%.................. Bhakts won't realize until fire touches their house.

    DisAgree [2] Agree [5] Reply Report Abuse

  • zakir Hussain, Dubai/Moodbidri

    Mon, Oct 7 2019

    your comment highly appreciated .. 100% true

    DisAgree Agree [1] Reply Report Abuse

  • zakir Hussain, Dubai/Moodbidri

    Mon, Oct 7 2019

    Other all PM stick to countries promise for JK, only the illiterate PM MODI broken 370 unofficially .. do you know what is article 370 and why it was made. If you understand fully and you as well deny breaking 370... simply dont say 370 .. 370 ...first please understand it

    DisAgree Agree [2] Reply Report Abuse

  • Arun, Mangalore

    Sun, Oct 6 2019

    Well done Modi, you cooked reall Gujarati kitchdi now people know taste of Modi kitchdi.

    DisAgree [1] Agree [50] Reply Report Abuse

  • AMAR NATHAL, MANGALORE

    Sun, Oct 6 2019

    Lets hope that we won't end up labeling RBI as anti-national. As readers say that even Pakoda selling business has become unstable due to Onion price, some others have proposed its better to sell Pakoda with Tea to get good profit. How can pakoda loss be overcome with selling Tea? Even you can't mention about selling tea as if the word Tea is patented by tea seller.
    Now we might squarely blame Petroleum selling countries or speak about terrorists infiltrating our borders. Then all idiots will say we are safe as present PM is our redeemer and savior and protector.

    DisAgree Agree [39] Reply Report Abuse

  • Sathish, udupi

    Sun, Oct 6 2019

    This problem created by JAVAHARLAL NAHARU............ONCE AGAIN JAI MODI ....UNTILL SOLD OUT ??????????

    DisAgree [7] Agree [49] Reply Report Abuse

  • zakir Hussain, Dubai/Moodbidri

    Mon, Oct 7 2019

    Satish,

    which planet are you living to comment like this ?

    DisAgree Agree Reply Report Abuse

  • MM, Mangalore

    Sun, Oct 6 2019

    I am pretty much optimistic that the rest 33% with positive mindset will join the survey soon to complete 100 % . No more andhbhskth in coming days hopefully.

    DisAgree [1] Agree [55] Reply Report Abuse

  • Ramesh, Udupi

    Sun, Oct 6 2019

    I think this government doesn’t realize the damage they have done to the country by selling fake nationalism and jumlas.

    DisAgree [2] Agree [75] Reply Report Abuse

  • Jossey Saldanha, Atlanta

    Sun, Oct 6 2019

    Very difficult to convince Blind Bhakt's ...

    DisAgree [1] Agree [89] Reply Report Abuse

  • Charles D'Mello, Pangala

    Sun, Oct 6 2019

    When the Government still feel that everything is O.K, then these reports will be thrown in to the dust bin. Many bank employees will lose their job or forced to take VRS as the banks are merged,,,!!!!!???

    DisAgree [1] Agree [51] Reply Report Abuse

  • RonRon, Udupi

    Sun, Oct 6 2019

    Boda Sheera!!!!!!!! Sab changa si..... yella chennagide

    DisAgree [1] Agree [43] Reply Report Abuse

  • SJM, Mangalore

    Sun, Oct 6 2019

    I have already started Pakoda selling but unable to make profit due to Onion price.

    DisAgree Agree [65] Reply Report Abuse

  • Deva, Pilar

    Sun, Oct 6 2019

    Better Tea with Pakoda then you will get good profit.

    DisAgree [6] Agree [22] Reply Report Abuse

  • Ramesh, Udupi

    Sun, Oct 6 2019

    Lakhs of people have become jobless overnight due to demo fekunomics.

    DisAgree [2] Agree [75] Reply Report Abuse

  • Santan Mascarenhas, Kinnigoli/Mumbai

    Sun, Oct 6 2019

    Friends, let us keep away politics here. The survey, that showed here is real and we have to be prepared for the future. The job situation about our Mangalore educated people is not that alarming, since our education system is intact. In India, when PhD's are applying for any type of jobs, the things are alarming.

    In the present gloomy period, we have to be careful when spending. Invest only in reputed or govt banks and never in fly by night societies and co-operative banks. Also, our brethren in gulf should think that the time changes rapidly and should try to control the expenses of their families in India. We may become 5 trillion economy, but while dividing by our population, what is our per capita income in front of other nations

    DisAgree [1] Agree [66] Reply Report Abuse

  • SKM, MANGALORE

    Sun, Oct 6 2019

    This is the real scenario against media hype and propaganda.

    DisAgree [1] Agree [50] Reply Report Abuse

  • Aam Aadmi, Mangalore

    Sun, Oct 6 2019

    Honestly Indians should not blame the BJP govt. Modi fought the 2019 elections on nationalism, Hindu-Muslim and Pragya Thakur had clearly said she stood in elections not to clean gutter but to teach Muslims a lesson. So why now Indians are expecting good economy from BJP. In fact BJP is delivering on its promising by regularly killing Minorities on streets in the name of Gau-raksha.

    DisAgree [5] Agree [109] Reply Report Abuse


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