Indian consumers not the most confident

By SiliconIndia   |   Wednesday, 30 January 2008, 06:09 Hrs
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Mumbai: Dipping from the number one slot for the first time since 2005, Indian customers are now no longer the most confident in the world, reports the ACNielsen Consumer Confidence and Opinions Survey for the later part of 2007.

With the most confident consumers, India had been the ruling the chart for the past five rounds of this bi-annual survey. Norway now leads the survey with 135 points while India after losing two points stands at the second place with 133 points, reported Business Standard.

The 48 nation global index and the 14-country Asia Pacific regional index also showed a drop of three and four points, respectively, to settle at 94 and 92 points.

The survey conducted in November 2007 covered over 26,000 people, including more than 500 people from India and revealed that 95 percent Indians were optimistic about employment prospects, compared to the regional and global averages of 49 and 50 per cent, respectively. 27 percent Indians were thought there would be a recession, while 46 percent disagreed. 88 percent were positive about the state of their financial state by rating it as good or excellent. There was a 16 percent point decline in worries about economy but concerns over political stability; global warming and terrorism still remained high. Holidays and new clothes took third and fourth precedence.

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