Despite India's economic recovery, many households are not happy. Here's why

India's growth recovery has been impressive over the last few months but consumer sentiments have remain critically weak. Be it rising fuel/gas prices or the high rate of unemployment, several factors are making citizens nervous. Here is all you need to know:

India’s economy is gradually recovering after the Covid-19 pandemic brought the GDP growth rate to a standstill in 2020. But large sections of the country's middle- and low-income households are not happy. Be it rising fuel/gas prices or the high rate of unemployment, several factors are making citizens nervous. A possible hike in core inflation could worsen the economic issues plaguing the country’s poorer households. Mumbai-based economic think tank CMIE recently said in a report that consumer sentiments are improving but are still a far cry from the levels seen before a strict nationwide lockdown was imposed in the country last year.