Indian consumer most confident |
It`s the return of consumer confidence for Indians. The country`s consumer confidence in the first quarter (Jan to March) of 2016 is back at pre-global recession level.In Nielsen`s Consumer Confidence Index (CCI), India scored 134, which is up by three index points from last quarter and highest for the country since 2007. For the last three consecutive quarters, India`s CCI was stuck at 131. India is followed by Philippines at 119 and Indonesia at 117. The Nielsen CCI measures perceptions of local job prospects, personal finances and immediate spending intentions among more than 30,000 respondents with internet access in 63 countries throughout Asia-Pacific, Europe, Latin America, the Middle East/Africa and North America. CCI above and below a baseline of 100 indicate degrees of optimism and pessimism, respectively.All confidence indicators on the job prospects, personal finances increased from the previous quarter, with job sentiment, personal finances and immediate spending intentions at consistently high levels. In India, the Budget presented at the end of February revealed the government`s commitment to fiscal consolidation as well as paving the way for sustained and inclusive growth.
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