Consumer confidence in is improving constantly in the country, aided by economic growth and stock market gains, said a recent survey from media and media firm Nielsen.
India registered 13 points rise in the Nielsen Global Consumer Confidence Survey with 112 index points, just behind Indonesia in consumer confidence.
With 66 per cent votes Indians are the most optimistic that India would be out of an economic recession in the next 12 months, this is the highest percentage for any country globally that thinks recession would be over in the next 12 months. A little less than half (38 per cent) think that India is not currently facing an economic recession .
''Globally consumer sentiments are positive, with the Global Consumer Confidence Index, rising to 82 – an increase of 5 points (from 77) from March. This has been spurred by renewed consumer optimism and stock market gains in BRIC markets and key Asian countries,'' a statement from Nielsen said.