India Secures 2nd Position on National Index Score Among 29 Nations: Report
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New Delhi, Nov 29 (NationPress) India has achieved the second position on the national index score among 29 nations in November 2024, according to a report published on Friday.
The LSEG-Ipsos Primary Consumer Sentiment Index India report assesses consumer sentiment based on current conditions, expectations, investments, and employment opportunities. This report is derived from a monthly survey involving over 21,000 adults under the age of 75 from 29 countries conducted between October 25 and November 8.
The findings indicate that Indonesia (64.3) possesses the highest National Index score, followed closely by India. Both Indonesia and India (61.0) are the sole nations with a National Index score exceeding 60.
Countries scoring above the 50-point threshold include Mexico (59.5), Malaysia (56.9), Singapore (56.7), the US (55.7), Thailand (54.8), Sweden (53.6), the Netherlands (52.7), and Brazil (51.9). Those scoring below 40 include Japan (37.8), Hungary (33.9), and Turkey (29.8).
“Despite India being recognized as one of the most optimistic markets regarding the national index score, consumer sentiment has exhibited a noticeable decline in November. The festive season and Diwali shopping have contributed to a post-festival slump, as individuals tend to indulge considerably during Diwali on clothing, sweets, food, and significant purchases,” stated Amit Adarkar, CEO of Ipsos.
The survey outcomes should be interpreted as representing the views of the more “connected” segments of their populations. The sample from India reflects a significant portion of its urban populace—social economic classes A/B/C in metropolitan areas and tier 1-3 towns across all four regions.
The LSEG/Ipsos Primary Consumer Sentiment Index (PCSI), which has been ongoing since 2010, conducts a monthly survey of consumer perspectives regarding the current and anticipated state of their local economy, personal financial health, savings, and confidence in making substantial investments.
