Indian consumers most confident globally in Q4, 2012: Nielsen
Consumer confidence in India increased two points to 121 in Q4, 2012 from the previous quarter. India has picked up on levels of optimism from Q2 and Q3, where it was steady at 119 points, though lower from Q1, when confidence levels were at 123 points, Nielsen said in a statement.
"The aspirational Indian is willing to upgrade, while more value conscious consumers are more responsive to deals and buying in bulk to keep expenditure buoyant," Nielsen India Region President Piyush Mathur said.
According to the survey conducted between November 10 and 27, 2012, consumer confidence declined in 33 countries and increased in 19 countries. It polled more than 29,000 online consumers in 58 countries in Asia-Pacific, Europe, Latin America, Middle East, Africa and North America.
India was followed in second and third by Philippines (119) and Indonesia (117) in the consumer confidence index. Crisis-ridden Greece came last with its consumer confidence index at 35.
As per the latest survey, 54 per cent of respondents in India indicated they would put spare cash into savings.
"Thirty-nine per cent said they would invest in new technology and products, while 36 per cent reported they would spend spare cash on new clothes," it added.
When it came to buying things they wanted and needed, 55 per cent of Indian respondents felt it was a
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