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Optimistic Indians

Optimistic Indians

Indian consumers are the most confident worldwide, according to the Global Consumer Confidence Index survey released in November by research firm The Nielsen Company.

Indian consumers are the most confident worldwide, according to the Global Consumer Confidence Index survey released in November by research firm The Nielsen Company.

The consumer confidence index for India is 129 points, the highest, while the global average is 90 points. This is measured on a baseline of 100, with numbers above or below it indicating degrees of optimism and pessimism, respectively.

More than half (56 per cent) the global consumers believe their country is currently in recession and 48 per cent do not think they will be out of it in the next 12 months, while only 33 per cent of Indians consider they are in recession. Of these, 53 per cent believe that the economic condition will improve within a year.

More than nine out of ten Indians (91 per cent) are optimistic about their job prospects in the next 12 months, while 83 per cent of the respondents were positive about the state of their personal finances, the highest percentage globally. Also, 59 per cent believe that it is a good time to buy things. The survey was conducted online among 26,000 respondents and across 53 countries.

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