India has been ranked third in the Global Consumer Confidence Index. The latest survey by the Nielsen reveals that in the second quarter of the current financial year, India slipped one point behind Indonesia and Philippines in the overall consumer confidence levels. Indonesia emerged as the most optimistic country with 124 points followed by Philippines with 121 points and India came third with 121 points.
According to the survey, 72 percent Indians are optimistic about their job prospects in the next 12 months. The job security is the major concern followed by the state of Indian economy. Analysts say that the pattern is a reflection of the concerns of the devaluation of the rupee and the continuing inflation for urban Indians over the past six months. The Nielsen Global Survey of Consumer Confidence and Spending Intentions measures is based on consumer confidence, major concerns, and spending intentions among more than 29,000 respondents with Internet access in 58 countries.
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