Home / Knowledge / News / Textiles / India retains top spot in global confidence index
India retains top spot in global confidence index
03
Feb '16
India has retained its position at the top of the global confidence index, performance management company, Nielsen has said.

A Nielsen survey found that Indians were the most confident globally when it came to job prospects, personal finances and immediate spending intentions in the fourth quarter of 2015.

"India continues to lead the global confidence index for the quarter at 131 points, the same as last quarter followed by the Philippines (117), Indonesia (115) and Thailand (114)," the company said in a statement.

The Nielsen consumer confidence index measured perceptions of local job prospects, personal finances and immediate spending intentions among more than 30,000 respondents with internet access in 61 countries.

Consumer confidence levels above and below a baseline of 100 indicate degrees of optimism and pessimism, respectively.

Among the world's largest economies, China's score was 107, up one point from the third quarter, followed by the UK (101), the US (100), Germany (98) and Japan (79), which all showed quarter-on-quarter confidence declines.

"With inflation largely under control and various macro-economic indicators looking positive, the industry is looking at a period of stability after a volatile 2015. This sense of optimism seems to be rubbing off on the Indian consumer, and consumption is expected to get a fillip in the new year," said Nielsen India Region Senior Vice President Roosevelt D'Souza.

According to the survey, four in five (80 per cent) urban Indian respondents indicated the highest level of optimism globally on job prospects, down one percentage point from the previous quarter (81 per cent in Q3 2015).

"Similar trends were seen when respondents were questioned about perceptions on the state of their personal finances over the next 12 months - 82 per cent said it was good or excellent for the quarter," it said.

Job security continued to be the top concern for Indians (20 per cent) although state of the economy (14 per cent) has replaced work-life balance (7 per cent) as the second biggest concern, which is down from 12 per cent in the same quarter last year.

India's recessionary sentiment, on the other hand, is notably high (50 per cent) given their optimistic confidence index score of 131.

In terms of discretionary spending and savings, India once again leads the top ten countries when it comes to perceptions of a whether it's a good/bad time to buy things they want and need over the next 12 months, the survey said. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search