Is Strong Economic Growth Driving Consumer Confidence in India?
Synopsis
Consumer confidence in India is surging due to strong economic growth and job prospects as outlined in an Ipsos report. With a national index score of 60.7, India ranks second globally, an indicator of its robust economic fundamentals. Discover the factors influencing this positive trend and what it means for the future.
Key Takeaways
India's consumer confidence is rising due to economic growth.
The national index score of 60.7 places India second globally.
Job prospects are improving, contributing to consumer optimism.
Mixed trends are noted in the GCCI sub-indices.
Surveys include over 21,000 adults from 30 countries .
New Delhi, Jan 30 (NationPress) Robust economic expansion, along with rising employment opportunities and a favorable outlook for 2026, is fueling consumer confidence in India, as detailed in a recent report.
According to market research organization Ipsos, consumer sentiment in India rose by 1.4 percentage points in January 2026, positioning the nation second among 30 markets with a national index score of 60.7.
This month, the Global Consumer Confidence Index (GCCI) saw an increase of 0.5 points to 49.9. After experiencing stagnation for a significant part of 2025, the index has shown growth for the third consecutive month, indicating a more positive global sentiment as we enter 2026. Currently, the GCCI is 1.3 points higher compared to the same period last year.
“The upsurge in consumer sentiment is a reflection of confidence in India's economic fundamentals, bolstered by consistent domestic demand, optimistic employment forecasts, and a promising growth outlook,” stated Suresh Ramalingam, CEO of Ipsos India.
“These elements collectively contribute to a more optimistic view among consumers and solidify India's status among the top-performing markets on a global scale,” he added.
The report highlighted varying trends across sub-indices. The PCSI economic expectations sub-index climbed significantly by 6.6 points, while the PCSI employment sub-index increased by 6.3 points, showcasing strong optimism regarding future economic activities and job availability.
Conversely, the current personal financial conditions sub-index dipped slightly by 0.6 points, and the investment climate sub-index fell by 2.0 points, indicating some caution regarding personal finances and investments.
Furthermore, the GCCI is derived from a monthly survey of over 21,000 adults under 75 years old across 30 countries, conducted via Ipsos’ Global Advisor online platform. The GCCI is computed as the average of the overall or “national” indices of all surveyed nations.
Among the 30 countries evaluated, Indonesia (62.6) tops the National Index, followed closely by India (60.7). These two markets are the only ones to exceed the 60-point threshold this month.
Additionally, eleven other countries scored above 50, including Malaysia, Thailand, Sweden, Brazil, Mexico, Australia, the US, the Netherlands, Singapore, Colombia, and Poland.
At the lower end, France (39.8), Hungary (36.1), and Türkiye (34.6) reported National Index scores below 40, as noted in the report.
Point of View
I observe that India's increasing consumer confidence reflects a resilient economy bolstered by growth and employment opportunities. This sentiment is crucial for sustainable economic development. We must continue to monitor these trends closely to ensure India's economic strength remains steadfast, providing a stable environment for its citizens.
NationPress
8 May 2026
Frequently Asked Questions
What is driving consumer confidence in India?
Consumer confidence in India is primarily driven by strong economic growth, increasing job opportunities, and a positive outlook for 2026.
How does India's consumer sentiment compare to other countries?
India ranks second among 30 countries surveyed, with a national index score of 60.7, only surpassed by Indonesia.
What is the Global Consumer Confidence Index?
The Global Consumer Confidence Index (GCCI) is a monthly survey measuring consumer sentiment across various countries, based on responses from over 21,000 adults.
What trends were observed in the GCCI sub-indices?
The PCSI economic expectations and employment sub-indices rose significantly, while the personal financial conditions and investment climate sub-indices showed slight declines.
Which countries have the lowest consumer confidence scores?
France, Hungary, and Türkiye recorded National Index scores below 40, indicating lower consumer confidence.
