India tops Global Consumer Confidence Ranking 2026 with 66.9 score: Check full list here
The findings are significant because consumer confidence is closely watched as an indicator of household spending and economic expectations
- Oct 8, 2026,
- Updated Oct 8, 2026 12:30 AM IST
India has emerged as the world’s most confident consumer market in 2026, reflecting strong optimism about personal finances, the economy, jobs and investment prospects. Data compiled by Visual Capitalist from the LSEG-Ipsos Primary Consumer Sentiment Index (PCSI) shows India recording one of the highest consumer confidence scores among 30 countries surveyed.
India’s National Index stood at 66.9 in September 2026, according to the latest comparison highlighted by Visual Capitalist. The country remained well ahead of several major economies, underlining the relatively upbeat sentiment among Indian consumers.
The findings are significant because consumer confidence is closely watched as an indicator of household spending and economic expectations. A higher score generally indicates that consumers feel more positive about their financial situation and the broader economic environment.
READ THIS: India’s minimum wage vs US, China and Japan: How much do workers earn in purchasing-power terms?
India tops the confidence ranking
India's score of 66.9 was the highest among the 17 major economies compared in Visual Capitalist's latest inflation-versus-confidence analysis. Sweden followed with a score of 58.6 in the broader Ipsos July ranking, while Malaysia and Singapore also recorded relatively strong consumer sentiment.
The latest data also shows that India has maintained its position at the top of the global consumer-confidence table throughout much of 2026. In July, India's National Index reached 67.1, making it the only country among the 30 surveyed markets to score above 60.
Other countries with relatively strong consumer confidence included:
| Rank | Country | Consumer Confidence Score |
|---|---|---|
| 1 | India | 66.9 |
| 2 | Sweden | 58.6 |
| 3 | Malaysia | 57.0 |
| 4 | Singapore | 54.1 |
| 5 | Indonesia | 52.9 |
| 6 | Brazil | 52.2 |
| 7 | Mexico | 50.8 |
| 8 | United States | 50.5 |
| 9 | Australia | 48.5 |
| 10 | United Kingdom | 48.2 |
| 11 | Canada | 47.3 |
| 12 | Spain | 46.8 |
| 13 | South Korea | 44.3 |
| 14 | Italy | 43.0 |
| 15 | Germany | 41.4 |
| 16 | France | 40.6 |
| 17 | Japan | 39.4 |
*July 2026 Ipsos figures for comparison. September figures in the Visual Capitalist comparison are shown for the 17 major economies.
Japan, France and Germany lag behind
While emerging markets generally recorded stronger sentiment, several advanced economies remained below the 45-point mark.
Japan recorded the lowest confidence score at 39.4 among the 17 economies featured in Visual Capitalist's September comparison. France followed at 40.6, while Germany stood at 41.4. Italy and South Korea also remained below 45.
The contrast suggests that consumer confidence does not necessarily move in line with inflation alone. Japan, for instance, has the lowest projected inflation rate in the comparison at 1.8%, yet its consumer confidence score remains relatively weak.
ALSO READ: Top 10 countries for science education: China leads global ranking, Singapore follows
Inflation and consumer confidence tell different stories
The Visual Capitalist analysis highlights an interesting disconnect between inflation and consumer sentiment.
Türkiye and Argentina are projected to record average inflation rates of 31.5% and 30.8%, respectively, in 2026, while their consumer-confidence scores remain among the lowest in the comparison. Türkiye's confidence score is 35.3, while Argentina's is 37.8.
India, meanwhile, combines a comparatively moderate projected inflation rate of 4.7% with the highest consumer-confidence score in the ranking.
Among G7 economies, the US has the highest projected inflation at 3.6%, followed by the UK at 3.1%. Germany and France have projected inflation rates of 2.9% and 2.5%, respectively.
India has emerged as the world’s most confident consumer market in 2026, reflecting strong optimism about personal finances, the economy, jobs and investment prospects. Data compiled by Visual Capitalist from the LSEG-Ipsos Primary Consumer Sentiment Index (PCSI) shows India recording one of the highest consumer confidence scores among 30 countries surveyed.
India’s National Index stood at 66.9 in September 2026, according to the latest comparison highlighted by Visual Capitalist. The country remained well ahead of several major economies, underlining the relatively upbeat sentiment among Indian consumers.
The findings are significant because consumer confidence is closely watched as an indicator of household spending and economic expectations. A higher score generally indicates that consumers feel more positive about their financial situation and the broader economic environment.
READ THIS: India’s minimum wage vs US, China and Japan: How much do workers earn in purchasing-power terms?
India tops the confidence ranking
India's score of 66.9 was the highest among the 17 major economies compared in Visual Capitalist's latest inflation-versus-confidence analysis. Sweden followed with a score of 58.6 in the broader Ipsos July ranking, while Malaysia and Singapore also recorded relatively strong consumer sentiment.
The latest data also shows that India has maintained its position at the top of the global consumer-confidence table throughout much of 2026. In July, India's National Index reached 67.1, making it the only country among the 30 surveyed markets to score above 60.
Other countries with relatively strong consumer confidence included:
| Rank | Country | Consumer Confidence Score |
|---|---|---|
| 1 | India | 66.9 |
| 2 | Sweden | 58.6 |
| 3 | Malaysia | 57.0 |
| 4 | Singapore | 54.1 |
| 5 | Indonesia | 52.9 |
| 6 | Brazil | 52.2 |
| 7 | Mexico | 50.8 |
| 8 | United States | 50.5 |
| 9 | Australia | 48.5 |
| 10 | United Kingdom | 48.2 |
| 11 | Canada | 47.3 |
| 12 | Spain | 46.8 |
| 13 | South Korea | 44.3 |
| 14 | Italy | 43.0 |
| 15 | Germany | 41.4 |
| 16 | France | 40.6 |
| 17 | Japan | 39.4 |
*July 2026 Ipsos figures for comparison. September figures in the Visual Capitalist comparison are shown for the 17 major economies.
Japan, France and Germany lag behind
While emerging markets generally recorded stronger sentiment, several advanced economies remained below the 45-point mark.
Japan recorded the lowest confidence score at 39.4 among the 17 economies featured in Visual Capitalist's September comparison. France followed at 40.6, while Germany stood at 41.4. Italy and South Korea also remained below 45.
The contrast suggests that consumer confidence does not necessarily move in line with inflation alone. Japan, for instance, has the lowest projected inflation rate in the comparison at 1.8%, yet its consumer confidence score remains relatively weak.
ALSO READ: Top 10 countries for science education: China leads global ranking, Singapore follows
Inflation and consumer confidence tell different stories
The Visual Capitalist analysis highlights an interesting disconnect between inflation and consumer sentiment.
Türkiye and Argentina are projected to record average inflation rates of 31.5% and 30.8%, respectively, in 2026, while their consumer-confidence scores remain among the lowest in the comparison. Türkiye's confidence score is 35.3, while Argentina's is 37.8.
India, meanwhile, combines a comparatively moderate projected inflation rate of 4.7% with the highest consumer-confidence score in the ranking.
Among G7 economies, the US has the highest projected inflation at 3.6%, followed by the UK at 3.1%. Germany and France have projected inflation rates of 2.9% and 2.5%, respectively.