The RBI’s Consumer Confidence Survey (CCS)/The current situation index (CSI) :

Why in News ? The latest surveys of the Reserve Bank of India has showed that Indian consumers are quite optimistic about the general economic situation, income spending and employment conditions and also expect inflation to moderate in the one year ahead period.
Key points of survey:
• Consumer confidence for the current period has been on a path of sustained recovery. The current situation index (CSI) rose by 3.4 points to 98.5 – its highest level since mid-2019, the RBI’s Consumer Confidence Survey (CCS) showed.
• Consumer confidence for the year ahead improved further on the back of higher optimism in all CCS parameters, such as economic situation, employment, price level, income and spending.
• Higher optimism resulted in the future expectations index (FEI) rising further by 2.1 points to 125.2 – also its highest level since mid-2019, the survey showed.
What is current situation index?
• The Present Situation Index is an indicator of consumer sentiment about current business and job market conditions
• Combined with the Expectations Index, the Present Situation Index makes up the monthly Consumer Confidence Index.