GANDHINAGAR, India — Consumer confidence has topped pre-COVID levels in India, with renewed spending on travel and other big-ticket items pushing corporate earnings to new highs.
According to a bimonthly survey by the Reserve Bank of India, the consumer confidence index for the country’s current situation came to 88.5 in May — up 1.5 points from the March survey and above the March 2020 reading of 85.6.