India slips to second slot in Q2 consumer confidence over job worries

Nielsen survey for June quarter flags job prospects and security

Consumer confidence in India declined in the second quarter of calendar year 2017 to levels that existed a year ago, amid concerns regarding job security and employment prospects, Nielsen said on Monday.

India’s consumer confidence index for Q2 2017 decreased by six points to 128 from a high of 136 from the  last survey (Q4 of 2016), the market research agency said in a statement. Data for Q1 of 2017 survey was not available. 

While Asian countries were high on consumer confidence in Q2, India slipped to the number two spot in the quarter under review, from the number one