Indian consumer confidence level on the rise: BluFin
Another sub-index, which measures employment sentiments, grew by 1.2 points to 43.4 owing to an improvement in job security outlook and household income. However, the index still suggests pessimism, which can be improved only by new job creation.
The future expectations index was at 38.7 points indicating consumers were still pessimistic about the economy's prospects. However, consumers were more comfortable about their present situation with a score of 48.6 points.
In terms of geography, west and south regions lead the consumer confidence levels with scores of 44.2 points and 35.5 points respectively.
The study was based upon interview of 4,000 urban consumers in 18 Indian cities, including metros and smaller cities.
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