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India leads global consumer confidence index: Nielson

  • he Nielsen consumer confidence index among 61 countries measures perceptions of local job prospects, personal finances and immediate spending intentions.
  • Nielsen, a global information and insights provider, in its latest report said in the third quarter of this year, India continues to lead the global consumer confidence index followed closely by the US and much ahead of China.
  • “That said, the belief in the fundamental prospects of India’s economic future appear unshaken and the proportion of consumers who see brighter days ahead are growing and being reflected in an increase in volume growth within packaged consumer goods,” he said.
  • “With a softer interest rate direction, inflation under control and the outlook that the economy is likely to gradually revive to previous levels over the next 12 months, India’s consumer market will continue to work its way towards a more gradual buoyancy,” he added.

Source: EconomicTimes

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