Indian consumers most optimistic about well-being in Asia-Pac

Indian consumers are the most optimistic lot in the Asia-Pacific region, says a survey, which marked it mainly to upbeat sentiment over robust pace of economic growth and stable macroeconomic fundamentals.
According to the MasterCard 'Well-Being Index' 2017, India is very optimistic with a score of 75 points -- the highest level of optimism in the second half of 2016 -- out of the 18 countries surveyed in the Asia Pacific.
India is followed by the Philippines at 73 points, Indonesia and Vietnam 71.4 each and China 68.2.
The index score is calculated with zero as the most pessimistic, 100 as the most optimistic and 50 as neutral.

The high score India achieved was on all the four indicators that determined the overall scores for the market -- work and finances; safety from threats; personal and work satisfaction; and personal well-being.
Out of these, consumers in India showed extreme optimism in terms of personal and work satisfaction (83) and also felt safe from threats (78.7).

India's optimism seems to be driven by the consumers' upbeat sentiment over the solid pace of economic growth and stable macroeconomic fundamentals, besides their ability to adapt to stress and challenges.
"India's high well-being score correlates with the growing GDP rates. The strong opportunities for growth can instil optimism and hope for the future," Mastercard Asia-Pacific Senior Vice-President Communications Georgette Tan said in a statement.

Overall, people in Asia-Pacific at large remain optimistic towards their overall well-being with a score of 62.1 points. These people were most concerned about their safety from threats.
The survey was conducted between November and December 2016 among 9,123 consumers aged 18-64 in 18 Asia-Pacific countries.