India CCI score 133, tops in Global Consumer Confidence Survey

USNMix Report: Big news for Indian economy,
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.