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Posted: Friday, July 20 2007. 3:00 PM

India Tops Again in Consumer Confidence Survey

India has topped for the fifth time in a row, in the Nielson conducted Global Consumer Confidence Survey, reports A vast majority of consumers see bright future on jobs, persona finance and economy, giving the index score of 135 when the global average has been 97.

The G.C.C. survey is conducted every six months by A. C. Nielsen– the well known international market research organisation. This time (Jan-Jun, 2007) 26,486 consumers from 47 markets across Europe, Asia Pacific, North America and the Middle East, participated in the survey.

While, 93% of the consumers surveyed in India rated their job prospects, in the next 12 months, from "good" to "excellent," 90% of them were quite confident of their personal finances, as well.

Interestingly, almost two-third (61%) of the respondents considered this time to be the good or excellent time to buy their needs.

While, 53% of the Indian respondents, according to the results, were investing their surplus in equity shares or mutual funds, 39% were also happy spending on their extra money on travel.
Apart from paying off their loans, Indian respondents would also like to spend on buying new clothes (32%), new technology (29%), and home improvement and decorative items (32%).



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