Consumer Confidence

Rising optimism in the world’s fourth-largest economy reflects growing domestic demand, expanding employment, and a positive outlook for 2026, according to the LSEG–Ipsos Primary Consumer Sentiment Index.

New tax regime spurs consumer spending and savings

India ranks 3rd on national index score across 30 markets

India tops 29 markets on national index score

These findings are based on data from a monthly 29-country survey conducted by Ipsos on its Global Advisor online survey platform and, in India, on its IndiaBus platform. They are first reported each month by LSEG as the Primary Consumer Sentiment Index (PCSI).

India retains 2nd rank on National Index Score

As 2024 drew to a close, the sentiment among Indians reflected a nuanced mix of hope and caution regarding the year ahead. While there is a desire for improvement and a better future among Indians, there is also a recognition of the challenges and uncertainties that lie ahead.

Despite consumer sentiment plummeting -5.3 pp in Nov 2024 in post festival gloom: LSEG-Ipsos Primary Consumer Sentiment Index India

Sentiment down for the economy, personal finances, investments & jobs

Citizens feeling the pinch around daily spends, savings and investments.

India (64.5) and Indonesia (62.3) are the only countries with a National Index score of 60 or higher.