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.
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