Financial Daily from THE HINDU group of publications
Sunday, Jul 04, 2004
Financial Daily from THE HINDU group of publications Sunday, Jul 04, 2004 |
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Industry & Economy
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Economy India ranked fifth in MasterCard consumer confidence survey Our Bureau
New Delhi , July 3 A SURVEY by MasterCard International to determine consumer confidence in South Asia and West Asia has ranked India fifth among the countries of the region. The survey has attempted to understand and anticipate consumer confidence level using various parameters. The MasterIndex of Consumer Confidence showed that while consumers from Kuwait scored 90 on a scale of 100, Indians scored 63.5. Lebanon scored the least, 32.3. UAE on the other hand had managed 87.1. Indians netted out at much about the same consumer confidence level as South Africa but differed about the quality of life and stock market. They were much optimistic about regular income and employment. Key results of the consumer lifestyle component included factors like enjoying wealth now or saving it until later. While 73 per cent Indians favoured saving wealth as against just 25 per cent who wanted to enjoy it now. On the other hand, the Kuwaitis favoured enjoying the wealth now (59 per cent). About the things people aspire the most, the region as a whole considered "buying a home/other property" as the consumers' top most aspiration.
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