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India Continues to Lead Global Consumer Confidence Index
May 28, 2015

According to an online survey (Nielsen Global Survey of Consumer Confidence and Spending Intentions) conducted by market researcher Nielsen, India continued to lead the Global Confidence Index for the quarter ending 31 March, clocking a one point increase over the last quarter and reaching 130, followed by Indonesia (123) and the Philippines (115).

  • Over four in five urban Indian respondents (nearly 83%) polled in the survey, conducted between 23 February and 23 March.

  • Consumer confidence in urban India has increased by nine points from 121 points a year ago.

  • A substantial 44% of the respondents polled felt that India is in economic recession.

  • The survey showed the highest level of optimism globally on job prospects in the next 12 months; the figure was 74% in the same quarter last year. India is followed by Indonesia (74%) and Philippines (73%).

  • Consumer confidence levels above and below a baseline of 100 indicate degrees of optimism and pessimism, respectively.

  • An increase in the consumer confidence index is a sign of optimism and strengthens the prospects of an economic recovery.

The Nielsen survey, established in 2005, measures perceptions of local job prospects, personal finances and immediate spending intentions among more than 30,000 respondents with Internet access in 60 countries.

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