New Delhi, May 28: India has emerged as the most confident consumer market globally, recording a consumer confidence score of 66.6 in May, according to recent survey-based estimates.
The strong ranking reflects sustained optimism among Indian households regarding economic conditions, employment prospects, and personal financial stability. The sentiment highlights continued resilience in domestic demand despite global economic uncertainties.
Analysts noted that improved job creation trends, stable inflation expectations, and steady income growth in key sectors have contributed to the upbeat consumer outlook. Increased spending activity across urban and semi-urban markets has also supported the overall confidence level.
Experts said India’s top position in global consumer confidence rankings underscores the strength of its domestic economy, which remains a key driver of growth amid uneven global recovery trends.
The report further indicates that consumer sentiment in India has remained consistently strong in recent months, supported by robust services activity, digital economy expansion, and rising household consumption.
Economists believe sustained consumer confidence will continue to play a crucial role in supporting economic growth, investment activity, and overall market stability in the coming quarters.