USNMix Report: Big news for
Indian economy,
India is top position in the Global Consumer Confidence Survey.
India is top position in the Global Consumer Confidence Survey.
The Consumer Confidence
Index reveals how confident they are to the economy and how optimistic they
are.
There is a good news about
the Indian economy. India is at the top of the Global Consumer Confidence
Survey. It is revealed in Nelson's survey. In this survey conducted online, 32
thousand consumers of 64 countries participated. The Consumer Confidence Index
(CCI) of India is 133. Philippines with 131 points and Indonesia is at number three with 127 points on second place.
According to the survey,
Southern Korea's consumers are the most pessimistic. This is because the people
there are scared of rising inflation, low growth in salary, poor performance of
the stock market and the problem of unemployment. According to the survey, the
Global Consumer Confidence Index is 107, which is the highest in the last 14
years.
What happens to CCI?
This survey is conducted
every year since 2005 by Nelson. Consumers are the only economy and business
self. In this case it is important to know how the customer's centimeter is.
How much faith they are in spending. If they have faith in the economy, they
will not hesitate to spend, but the consumer is hesitant to spend on the
confidence of the person and their focus goes on saving.
It is important
that the consumer has an income to spend. For this, it is necessary that the increase in
employment, increase in salaries and flow of investment in the market. If these
circumstances are favorable, then consumer spending also, and these factors are
considered positive for the economy. Overall, if the Consumer Confidence Index
is increasing, then it is clear that signs of the economy are positive.
The report states that
except for North America (which is the United States of America / USA),
consumers of developed economies countries are generally less optimistic. The
CCI of European countries is less than 90. Asian countries' CCI is more than
this.
The report states that
except for North America (which is the United States of America / USA),
consumers of developed economies countries are generally less holistic. The CCI
of European countries is less than 90. Asian countries' CCI is more than this.
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