A tale of two surveys and the behaviour of respondents
Insights of behavioural economics may explain high approval of the government amid such gloom
Two sets of surveys released recently suggest a paradoxical situation that India faces. On one hand, there is the biannual Mood of the Nation Survey (MOTN), conducted by a private group to assess the nation’s mood on several fronts. On the other hand, there is a set of Reserve Bank of India (RBI) surveys involving consumers, households, manufacturers and professional forecasters, and their expectations of the future. While the two sets have not always been in tandem in the past, their divergence appears stark in the current scenario.