Over 61% of people mentioned that they watch online video content either on their mobiles or connected TV, as per Axis My India Consumer Sentiment Index (CSI) September report. As per it, 32% people mentioned that they notice advertising on TV, followed by digital (26%).
An interesting observation was on app usage, on an average there are 9 apps on the mobile phone of a smartphone user. The September report highlights that over 20% are planning to shop more this festive season.
Rising Star Awards 2022, Final deadline: September 9, 2022.
Consumer data intelligence company Axis My India released its latest findings of the India CSI, a monthly analysis of consumer perception on a wide range of issues.
The September net CSI score, calculated by percentage increase minus percentage decrease in sentiment, is at +10, from +9 last month reflecting an increase by 1 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.
- Overall household spending has increased for 61% of families which is the same as last month. The net score which was +52 last month has increased by +1 to +53 this month.
- Consumption of media remains the same as last month, which is 19%. The overall, net score, which is -1, this month, also remains the same.
- Mobility has increased for 7% of the families, reflecting an increase of 1% from last month.
- Spends on essentials like personal care and household items has increased for 46% of the families which is an increase by 1% from last month. The net score which was at +26 this month has increased by +3 to +29.
- Spends on non-essential and discretionary products like AC, car, and refrigerator has increased for 7% of families which reflects an increase by 1% from last month. The net score which was at 0 last month has improved to +2 this month. This could reflect the spirit of festive season approaching.
- Consumption of health-related items has increased for 37% of the families, which reflects a decrease by 1% 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, as compared to -24 last month.
On topics of current national interest:
- In an attempt to understand consumer’s engagements with mobile apps, the survey discovered that on an average consumers have 9 apps on their smartphones. 16% use minimum of 4-8 apps, through their smartphone and 22% have more than 8 apps. A significant 24% mentioned that they use a feature phone.
- In order to understand in which medium advertisements get noticed more, the survey found out that a majority of 32% notice advertisements on TV, while 26% notice it through online mediums. It also discovered that only 17% notice ads on social media platforms, 15% on Print, 6% on Outdoors and 2% on Radio.
- The survey further revealed that a majority of 61% watch online video content like YouTube/OTT on their mobile/home TV.
- Digging deeper into the festive spirit, the survey shows that 20% plan to shop more this festive season compared to last year. However, 32% plan to shop the same as last year.
- According to Axis My India Consumer Sentiment Index Survey, 48% of consumers shop/purchase more products during the festive season as compared to rest of the year.
- Exploring farmer’s sentiments towards new tractors, the survey found out that 10% are planning to purchase new tractors in the coming year, while 3% and 2% plan to but within 6 months and 3 months respectively. Also, a significant 86% of farmers don’t own a tractor, because of reasons like smaller land size, renting or affordability.
Pradeep Gupta, Chairman and MD, Axis My India, said, “After compromising past two festive seasons to the pandemic and its related constraints, this year consumers are expected to shop more during festivities. One can witness slight increase in expenses across essential and discretionary products already. Further improvement in mobility sentiments highlights the fact that more and more people are enjoying the stores and malls experience of discovering, shopping and gifting. This sentiment is also extended among the Indian farmers, wherein a significant percentage of 15% intends to buy a brand-new tractor in the next one year.”
“This is thus a crucial time for the Indian advertising business as spend are expected to bring a lot more returns than usual. As more and more people (61%) are watching online video content (YouTube/OTT) on their mobile/home TV and thereby noticing ads across TV, online and social media platforms, it is of utmost importance for the media industry to tap the right medium for addressing differentiated consumer needs.”