Mumbai: As per the MasterCard consumer confidence index, India scored 91.6 in the index which is calculated with zero as the most pessimistic and 100 as the most optimistic, while Myanmar’s score is 97.2.
Thus, the study says, India is the second most optimistic nation among the Asia Pacific Region after Myanmar. Among the cities polled in the survey, Bengaluru topped the list as India’s most optimistic city with a score of 98.1 followed by Delhi with 97.3 points and Mumbai with 87.2. The survey involved 8,235 respondents from 16 countries, aged 18-64, across Asia Pacific and was conducted between October 2014 and November 2014.
MasterCard South Asia Area Head Vikas Varma said, “The optimism reflected among the Indian consumers over the past few quarters remains intact. However, investors would look out for more concrete measures and announcements from the central government in 2015. For consumer confidence to remain buoyant, it is imperative that the government continues to be steadfast in its pursuance of key reforms – the benefits of which will eventually help further boost the consumer sentiment.”
It noted that the women of the country have a more confident stance on the economic outlook with a score of 91.9, 0.6 points ahead of men. “Also, the younger generation of consumers (less than 30) are more optimistic, indicating the increasing opportunities ahead of them,” Varma said.
