Consumer confidence takes a beating

As the spate of bad news continues, the Nielsen Consumer Confidence Index for India has dropped four points in Q2 2012 after leading the global index for nine quarters. As a result, Indians are less optimistic about their job prospects and personal finances from last quarter. The Consumer Confidence Index captures the degree of optimism on the state of the economy that consumers are expressing through their activities of savings and spending. Here are the key findings from a survey of 500 Indian consumers (Click on graphic)