Consumer Confidence In India High: Study

According to MasterIndex, the consumer confidence in India remains optimistic with an index of 66.1, up from 63.6 in the last MasterIndex.

The MasterIndex is based upon responses to five economic factors; employment, the economy, regular income, stock market and quality of life. The Index system is based on percentage response figures, with 0 as pessimistic, 100 as most optimistic and 50 as neutral.

The MasterCard survey of consumer confidence is conducted every six months to ascertain consumer perceptions on the economic conditions in 12 countries in the Asia Pacific region: Australia, Hongkong, India, Japan, Korea, Malaysia, New Zealand, Singapore, Taiwan, Thailand and the Philippines.

Consumer confidence is highest in Singapore with the MasterIndex score of 84.5. A positive outlook on quality of life and regular income boosted the Singapore score.

There is also positive news in Hongkong where consumer confidence is up dramatically, despite a belief in some quarters that the handover to China would bring with it a drop in consumer confidence.

One of the most dramatic drops in confidence level comes from New Zealand with a MasterIndex score of 52 from earlier score of 71.7.

This reflect the general concern about employment and economy. The Australians are slightly behind with a score of 55.6, clearly showing a concern for regular income and employment.

Malaysians and Indonesians remain optimistic consumers in the region with MasterIndex scores of 90.9 and 89.1, respectively, answering positively on all MasterIndex economic factors.