Indian companies borrowed $8.1 billion abroad in August. Nearly half came from GIFT City.
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CapitalVia Research Desk ·
Data story
31 Oct 2026
31 Oct 2026
RBI Urban Consumer Confidence Survey · Sept 2026
54.5% of city households say the economy got worse. A year ago it was 40.9%.
54.5%
of urban respondents say India's economic situation is worse than a year ago. Only 25.3% say it improved. 6,054 people in 19 cities, surveyed 10–20 September 2026.
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It has risen in five straight rounds
Share saying the economy “worsened” vs a year earlier, by survey round
Sep 2025
40.9%
Nov 2025
39.7%
Jan 2026
40.2%
Mar 2026
43.0%
May 2026
47.7%
Jul 2026
50.5%
Sep 2026
54.5%
Same day, two very different readings
Both released by the RBI on 7 October 2026
Professional forecasters
7.1%
Median GDP growth forecast for 2026-27 — raised by 0.5 points from the previous round.
City households
−29.3
Net balance on the economy (improved minus worsened). It was −3.9 a year ago.
What households say changed in their own lives
September 2026, % of respondents, vs a year earlier
Prices went up
95.0%
Spending went up
83.7%
Employment situation worsened
49.5%
Own income went up
26.1%
Own income went down
22.2%
95% saw prices rise. Only 26% saw their income rise.
Most say their income stayed flat (51.7%) — so the gloom isn't a pay cut. It's the same pay buying less, while spending climbs. GDP can grow 7% and still feel like a squeeze at home.
Why it matters
- If you're salariedA flat salary in a year when prices rose is a real pay cut. Check this year's raise against inflation, not against last year's salary.
- If you run a businessCustomers are still spending, but on essentials: 90.1% say essential spending rose; only 34.6% say so for non-essentials.
- If you lead a teamOptimism about jobs a year out has dropped: the net balance fell from +31.5 to +11.7 in a year. That shapes how your people weigh job moves and pay talks.
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