According to a survey conducted by Ipsos, consumer confidence in making a major purchase among Indians for April 2020 was a negative three, a drastic decrease from the previous year. However, the global average for April 2020 was a decline of 33.2, indicating that Indians felt more comfortable in investing in a home or car than the rest of the world.
Consumer confidence in making a major purchase in India from April 2019 to April 2020
The survey question was phrased as follows: "Compared to 6 months ago, are you NOW more or less comfortable making a major purchase, like a home or car?."
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 making a major purchase in India from April 2019 to April 2020 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1115808/india-cci-making-a-major-purchase/
Ipsos. "Consumer confidence in making a major purchase in India from April 2019 to April 2020." Chart. April 14, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1115808/india-cci-making-a-major-purchase/
Ipsos. (2020). Consumer confidence in making a major purchase in India from April 2019 to April 2020. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1115808/india-cci-making-a-major-purchase/
Ipsos. "Consumer Confidence in Making a Major Purchase in India from April 2019 to April 2020." Statista, Statista Inc., 14 Apr 2020, https://www.statista.com/statistics/1115808/india-cci-making-a-major-purchase/
Ipsos, Consumer confidence in making a major purchase in India from April 2019 to April 2020 Statista, https://www.statista.com/statistics/1115808/india-cci-making-a-major-purchase/ (last visited November 21, 2024)
Consumer confidence in making a major purchase in India from April 2019 to April 2020 [Graph], Ipsos, April 14, 2020. [Online]. Available: https://www.statista.com/statistics/1115808/india-cci-making-a-major-purchase/
