India ranks second in consumer confidence index

New Delhi: India ranks second with 117 points in consumer confidence in the fourth quarter of 2009, according to the Nielsen Global Consumer Confidence survey. The survey results indicate that the recovery from the global economic downturn is faster in India as compared with other countries in the world.
Further, the survey also points that countries with higher willingness to spend are showing better signs of revival. Indonesia tops the survey with 119 points with Hong Kong, China, Singapore and Brazil also showing accelerated recovery.
The survey highlights that eight of the top 10 most confident markets were from Asia Pacific in the fourth quarter of 2009. The survey also revealed that Indians are most optimistic about job prospects in 2010. 83 percent of the Indian consumers expect things to improve in 2010. India is followed by Indonesia at 70 percent.