Consumer Confidence inches up in September over last quarter, for India

Consumer Confidence Index for India has moved up slightly in September by +0.6 points over the previous quarter (June), as per the Ipsos Primary Consumer Sentiment (Consumer Confidence) Index (PCSI) conducted in partnership with Thomson Reuters.

The monthly PCSI result is driven by the aggregation of three, weighted, sub-Indices: the PCSI Employment Confidence (Jobs), Sub-Index which is up by +0.5 points; the PCSI Economic Expectations (Expectations) Sub-Index which is up by +1.4 points and the PCSI Investment Climate (Investment) Sub-Index which is up by +0.5 points over the previous quarter (June).

The survey factors in views on various aspects of economy, jobs and investment, over a battery of statements covering: economic situation in the country, state of economy in the local area, personal financial situation, liquidity for big ticket purchases, comfort with household expenditure, confidence with job security for self, family and friends, confidence with personal savings and investment etc.

Commenting on the findings, Parijat Chakraborty, Executive Director, Ipsos Public Affairs said, “The survey shows that consumers are optimistic and buoyant about the Indian economy, the job situation and personal finance and liquidity. Despite the rise in fuel prices and global dissonance due to the tariff war between the US and China, the mood is not downbeat as people still have high confidence in the India story.


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