sharp spike in daily infections in the second wave will have a prolonged negative impact on consumer sentiment also the substantial increase in healthcare bills due to the pandemic along with high retail prices of fuels are likely to squeeze disposable incomes in the urban as well as rural areas moreover after the satiation of the pentup demand seen during the festive season in 2020 demand for many varieties of consumer durables may be low overall we expect discretionary spending on consumer durables and areas such as home improvements may be limited in the nearterm in addition to the expected cut back in spending on contactintensive services nayar added pti published on may 19 2021 at 0827 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app indian economy second covid impact on economy nationwide lockdown economic activities automobile sales homenewsindustryapril headline numbers deceptive economy in trough as consumer sentiment already hit report