According to a survey conducted by Ipsos, consumer confidence in the future state of the local economy for India for April 2020 was a 30, a drastic decrease from the previous year. However, the global average for April 2020 was a decline of 10.6, indicating that Indians expected a stronger local economy for the future.
Consumer confidence in the future state of the local economy in India from April 2019 to April 2020
The survey question was phrased as follows: "Looking ahead six months from now, do you expect the economy in your local area to be much stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now?."
The following question was used to formulate the Ipsos National Index as well as the Current, Expectations, Jobs, and Investment sub-indices.
The Global Consumer Confidence Index is the average of the National Index of 24 world markets surveyed monthly by Ipsos. The findings are based on data from Primary Consumer Sentiment Index (PCSI). The PCSI Index is normalized to a 0 to 100-point range with “50” representing the historical median economic conditions.
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Ipsos. (April 14, 2020). Consumer confidence in the future state of the local economy in India from April 2019 to April 2020 [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/statistics/1115588/india-cci-future-state-of-local-economy/
Ipsos. "Consumer confidence in the future state of the local economy in India from April 2019 to April 2020." Chart. April 14, 2020. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/1115588/india-cci-future-state-of-local-economy/
Ipsos. (2020). Consumer confidence in the future state of the local economy in India from April 2019 to April 2020. Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/statistics/1115588/india-cci-future-state-of-local-economy/
Ipsos. "Consumer Confidence in The Future State of The Local Economy in India from April 2019 to April 2020." Statista, Statista Inc., 14 Apr 2020, https://www.statista.com/statistics/1115588/india-cci-future-state-of-local-economy/
Ipsos, Consumer confidence in the future state of the local economy in India from April 2019 to April 2020 Statista, https://www.statista.com/statistics/1115588/india-cci-future-state-of-local-economy/ (last visited November 04, 2024)
Consumer confidence in the future state of the local economy in India from April 2019 to April 2020 [Graph], Ipsos, April 14, 2020. [Online]. Available: https://www.statista.com/statistics/1115588/india-cci-future-state-of-local-economy/
