India Ranks Second Globally as Consumer Sentiment Surges on Strong Economic Growth and Job Prospects

Consumer sentiment in India increased by 1.4 percentage points in January 2026, placing the country second among 30 markets with a national index score of 60.7. Optimism also strengthened around the economy and job prospects, according to the LSEG–Ipsos Primary Consumer Sentiment Index (PCSI), which Ipsos publishes monthly across individual markets and as a 30-market average, the Global Consumer Confidence Index (GCCI).      

Mixed trends across sub-indices

Across sub-indices, sentiment in India showed a mixed picture. The PCSI Economic Expectations Sub-Index rose sharply by 6.6 points, while the PCSI Employment Sub-Index increased by 6.3 points, reflecting strong optimism about future economic activity and job opportunities. Meanwhile, the Current Personal Financial Conditions Sub-Index edged down slightly by 0.6 points, and the Investment Climate Sub-Index fell 2.0 points, signaling some caution around personal finances and investment. The Global Consumer Confidence Index is the average of all surveyed countries’ Overall or “National” indices. This month’s installment is based on a monthly survey of more than 21,000 adults under the age of 75 from 30 countries conducted on Ipsos’ Global Advisor online platform. This survey was fielded between December 24, 2025, and January 9, 2026. 

“The rise in consumer sentiment reflects confidence in India’s economic fundamentals, supported by sustained domestic demand, improving employment expectations, and a positive outlook for growth. Together, these factors are shaping more optimistic consumer perceptions and reinforcing India’s position among the stronger-performing markets globally,” says Suresh Ramalingam, CEO, Ipsos India. 

Consumer Sentiment in 30 countries

This month, the Global Consumer Confidence Index rose 0.5 points to 49.9. After stagnating for much of 2025, the index has increased for the third consecutive month, reflecting an improved global mood to start 2026. The GCCI is currently 1.3 points higher than the same time last year.

Consumer sentiment in Europe remains largely stable, with Belgium (+3.5 points) and Poland (+2.2 points) showing notable gains, while no European market declined significantly. In the Asia-Pacific region, results were mixed: Australia (+3.1 points) recorded a strong rise, whereas Singapore (-3.7 points) and South Korea (-2.4 points) declined.

Among the 30 countries surveyed, Indonesia (62.6) leads the National Index, followed by India (60.7). Only these two markets surpassed the 60-point mark this month. Eleven additional countries scored above 50, including Malaysia, Thailand, Sweden, Brazil, Mexico, Australia, the U.S., the Netherlands, Singapore, Colombia, and Poland. At the lower end, France (39.8), Hungary (36.1), and Türkiye (34.6) recorded National Index scores below 40.

The Global Consumer Confidence Index represents the average of all surveyed countries’ Overall, or “National,” indices. The January 2026 survey captured the views of more than 21,000 adults under 75 across 30 countries, conducted via Ipsos’ Global Advisor online platform between December 24, 2025, and January 9, 2026.

“The rise in consumer sentiment reflects confidence in India’s economic fundamentals, supported by sustained domestic demand, improving employment expectations, and a positive outlook for growth. Together, these factors are shaping more optimistic consumer perceptions and reinforcing India’s position among the stronger-performing markets globally,” added Ramalingam.