Urban consumers grew more pessimistic about the economy, jobs, and spending in May, with the Current Situation Index falling for the third consecutive round. Professional forecasters also lowered India's growth outlook for 2026-27 to 6.5%, citing emerging signs of softer demand and weakening sentiment.

MUMBAI: A sharp deterioration in consumer sentiment alongside downgraded growth forecasts, rising inflation expectations and a weakening rupee has signalled a broad-based…

Urban consumers grew more pessimistic about the economy, jobs, and spending in May, with the Current Situation Index falling for the third consecutive round. Professional…