India Leads In Consumer Confidence: Nielsen

NEW DELHI: India continued to lead the global consumer confidence index in the third quarter with 131 points same as the previous quarter.

It is followed by United States (119 points), Philippines (117) and Indonesia (116).

Although more than 54 per cent polled said India's economy is still in slowdown zone, its consumer confidence score remained intact at 131, said global information and insights provider Nielsen.

In the June quarter, 50 per cent people had expressed that they feel India is still in 'economic recession'.

"However, this quarter 67 per cent indicate that India will be out of the recession over the next 12 months, as against 61 per cent last quarter," the report said.

According to Nielsen India Region senior vice president Roosevelt D'Souza, this year the Indian consumer continues to be resilient and hopeful when it comes to economic outlook.

"What is interesting is that discretionary spending is looking up, even when compared to the same period last year amongst urban respondents. At the same time, there is a cautionary tone as is evident in their savings intent," he said, adding that ongoing festive season may lend buoyancy, though smart marketing and attractive deals.

READ MORE: India has 75-125 Nuclear Weapons: U.S. Report and U.S. Kerala Centre to Honour Six Indian American Malayalees