In a recent survey conducted by LSEG and Ipsos, India has ranked 2nd among 29 countries with a National Index score of 61.0, trailing behind Indonesia, which scored 64.3 [11b8e0f9]. The survey, which included over 21,000 adults aged under 75, was conducted from October 25 to November 8, 2024 [11b8e0f9]. Other countries that scored above 50 include Mexico (59.5), Malaysia (56.9), Singapore (56.7), the United States (55.7), Thailand (54.8), Sweden (53.6), the Netherlands (52.7), and Brazil (51.9) [11b8e0f9]. In contrast, Japan (37.8), Hungary (33.9), and Turkey (29.8) scored below 40 [11b8e0f9].
Despite the favorable ranking, consumer sentiment in India has reportedly declined following the Diwali festivities, as noted by Amit Adarkar, CEO of Ipsos [11b8e0f9]. The LSEG/Ipsos Primary Consumer Sentiment Index has been conducted monthly since 2010, providing insights into the economic outlook and consumer confidence in the country [11b8e0f9]. This decline in sentiment could indicate potential challenges ahead for the Indian economy, despite its strong position in the National Index rankings [11b8e0f9].