India’s consumer confidence moderated in August 2026, with the Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) slipping to 65.26, down from 67.08 in July 2026. The latest reading, updated on 14 August 2026, reflects a month‑over‑month weakening in sentiment compared with the previous month.
The PCSI tracks household perceptions of current and future economic conditions, including personal finances and broader macroeconomic outlook. On a month‑over‑month basis, the August figure indicates a deterioration in confidence relative to July, when sentiment had stood higher at 67.08. By contrast, the “previous” comparison refers to how July’s reading had changed against June, underscoring that the latest data marks a fresh sequential decline.
While the index remains in relatively elevated territory historically, the August pullback suggests Indian consumers are becoming more cautious about the near‑term economic environment, with potential implications for spending and investment appetite as the third quarter progresses.
