According to a survey conducted by Ipsos, consumer confidence in making household purchases among Indians for April 2020 was 15, a drastic drop from the previous year. This indicated that Indians felt less comfortable in making household purchases now than six months ago.
Consumer confidence in making household purchases 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 other household purchases?."
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 household purchases in India from April 2019 to April 2020 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1115815/india-cci-making-household-purchases/
Ipsos. "Consumer confidence in making household purchases in India from April 2019 to April 2020." Chart. April 14, 2020. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1115815/india-cci-making-household-purchases/
Ipsos. (2020). Consumer confidence in making household purchases in India from April 2019 to April 2020. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1115815/india-cci-making-household-purchases/
Ipsos. "Consumer Confidence in Making Household Purchases in India from April 2019 to April 2020." Statista, Statista Inc., 14 Apr 2020, https://www.statista.com/statistics/1115815/india-cci-making-household-purchases/
Ipsos, Consumer confidence in making household purchases in India from April 2019 to April 2020 Statista, https://www.statista.com/statistics/1115815/india-cci-making-household-purchases/ (last visited November 23, 2024)
Consumer confidence in making household purchases in India from April 2019 to April 2020 [Graph], Ipsos, April 14, 2020. [Online]. Available: https://www.statista.com/statistics/1115815/india-cci-making-household-purchases/
