Consumer sentiment in India eased for the third consecutive month in November largely due to a sharp fall in expectations of business conditions in a Year's time, said the media report.
The gauge measuring consumer sentiments in India fell by 2.8 points to 120.9 in November from 123.7 in October, the lowest in 13 months, said a report.
The report said many respondents praised Modi's vision for India and were supportive of welfare schemes like Jan Dhan Yojna. Additionally, a significant portion of respondents were pleased that food and fuel inflation was falling.
"Good news for the central bank was that inflation expectations fell to a new record low in November. This will help the RBI to ease monetary policy in the first half of 2015," it said.