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Economy upswing: Indians' optimism second only to Indonesians

Category :India Sub Category :National,Business
2009-08-11 00:00:00
   Views : 414

New Delhi, Aug 11 - Consumer confidence in India is on an upswing with the country ranking second, next only to Indonesia, in the Global Confidence Survey conducted by market tracker AC Nielsen during the second quarter this year.

In a report released Tuesday, Nielsen said India registered a 13-point rise in its confidence survey, reflecting hopes of early revival of its economy.

'Globally consumer sentiments are positive, with the Global Consumer Confidence Index, rising to 82 - an increase of five points (from 77) from March,' it said.

'This has been spurred by renewed consumer optimism and stock market gains in BRIC markets (Brazil, Russia, India, and China) and key Asian countries,' Nielsen said.

According to the survey's findings, 66 percent of Indians polled said they were optimistic that the country would be out of the slowdown in the next 12 months.

In the survey that covered 14,029 online consumers in 281 countries, 62 percent of Indians thought their country was in recession - a positive reduction of 10 points from 72 percent when the survey ran in March.




Author :Indo Asian News Service



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