As per the survey, out of 10207 people surveyed, 23% used internet for ‘chatting’ and for watching/downloading videos.
Axis My India, a leading consumer data intelligence company, released its latest findings of the India Consumer Sentiment Index (CSI), a monthly analysis of consumer perception on a wide range of issues. The report from the month of November highlights that 61% engages with internet daily and 23% uses it for ‘chatting’ through WhatsApp, Messenger, Instagram etc. The research also shows that 21% of households have increased their media consumption (TV, Internet, radio, etc.), a rise of 2% from the previous month. 55% intend to watch the T20 World Cup, 69% of them will prefer to watch T20 World cup on television, 28% will watch it on their phone
The November net CSI score, calculated by percentage increase minus percentage decrease in sentiment, is at +09, from +08 last month reflecting an increase by 01 point
The sentiment analysis delves into five relevant sub-indices – Overall household spending, spending on essential and non-essential items, spending on healthcare, media consumption habits & mobility trends.
The survey was carried out via Computer-Aided Telephonic Interviews with a sample size of 10207 people across 32 states and UTs. 70% belonged to rural India, while 30% belonged to urban counterparts. In terms of regional spread, 26% belong to the Northern parts while 24% belong to the Eastern parts of India. Moreover 30% and 20% belonged to Western and Southern parts of India respectively. 56% of the respondents were male, while 44% were female. In terms of the two majority sample groups, 28% each reflect the age group of 26YO to 35YO and 36YO to 50YO.
Commenting on the CSI report, Pradeep Gupta, chairman & MD, Axis My India, said “The growing dependency on internet has impacted all spheres of the consumers life. From chatting to networking, expressing and now watching, internet has evolved to fulfil all consumer needs and will continue to do so in the future with the advent of 5G. While the dependency on online apps for grocery purchases are on a nascent stage, we are more than confident that like any-other daily task, this too shall completely be an online behaviour in the next few years. From adapting newer modes of media consumption like watching World-cup on phone to having varied other forms of empowered user experience on the internet, 5G will only continue to shape consumer consumption behaviour”.
Consumption of media (TV, Internet, Radio etc.) has increased for 21% of the families, up by 2% after remaining stagnant at 19% for the last three months. The overall, net score, which was at -3 last month, is at -4 this month.
Overall household spending has increased for 59% of families which reflects an increase by 1% from last month. The net score which was +49 last month has increased by +2 to +51 this month.
Spends on essentials like personal care & household items has increased for 46% of the families which is an increase by 2% from last month. The net score which was at +25 last month has increased by +2 to +27 this month.
Spends on non-essential & discretionary products like AC, Car, and Refrigerator has increased for 11% of families which reflects an increase by 2% from last month and the highest increase in the last 5 months. The net score which was at +3 last month has improved to +4 this month showcasing a steady upliftment in spending sentiments.
Expenses towards health-related items such as vitamins, tests, healthy food has surged for 39% of the families. This reflects an increased consumption by 2% from last month. The health score which has a negative connotation i.e., the lesser the spends on health items the better the sentiments, has a net score value of -23, which is the same as last month.
Mobility has increased for 7% of the families, which reflects an increase by 1% from last month. The overall mobility net indicator score which was at -2% last month, has reported -1 this month.
On topics of current national interest:
According to Axis My India’s CSI Survey, 61% access the internet daily. With an intent to understand consumers’ internet usage behaviour, the survey further discovered that 29% have used the internet in the last one month to surf through social networking applications (Facebook, Twitter, etc.). 23% each have used the internet as a means of ‘chatting’ (WhatsApp, Messenger, Instagram etc.) and for watching/downloading online videos. In addition, only 8% have used the internet for ‘video calling’ through WhatsApp, Facetime, and Instagram.
52% aware that India has recently launched 5G Tech. The survey further revealed 24% of them plans to switch to 5G Phones while 7% have already purchased.
In an attempt to understand consumer perception around cricket and its varied tournaments, this month’s CSI report found out that 32% believes that the relevancy of cricket as a sport continues inspite of the quantum of matches being aired. 27% are excited to watch all the matches of the upcoming T-20 Cricket World Cup. In addition another 28% will watch only matches where India is involved & key matches like Semi Final/Final. 69% will prefer to watch the matches on television screens while 28% will watch it on their phone. 6% will watch it on OTT.
Further deep-diving into Mobile phone preferences, the survey found out that 15% considers RAM as the most prominent feature while buying it while 14% each consider the brand and the price of the device as important parameters. Camera quality reported to be an important concern for 11%
86% of households prefer to get their daily groceries from nearby "kirana stores," while only 2% use internet apps to do so. Amongst online apps, 17% of the consumers use Amazon for grocery shopping, while 15% utilise Flipkart. 8% of people favour Jio Mart
Deep-diving into the sentiment of festivities, the survey discovered that 29% of consumers are planning to shop more or have shopped more in this festive season. 37% preferred to buy more clothes during "sales season" while 23% and 14% preferred to buy groceries and food respectively. Only 6% preferred to buy electronic appliances.
In terms of jewellery, a huge 17% purchased jewellery in this festive season. 13% have bought from family jeweller shops (local jeweller) and 4% have bought from Hall mark jeweller shops.