Customer confidence drops for India, rises for the US, China

Global consumer confidence was flat in the second quarter of 2016 according to Nielsen's report, Consumer confidence: concerns and spending intentions around the world (Q2, 2016). Consumers have been wary, especially in India where "the dip in the index in the second quarter hints at caution for consumers, with the hardening of fuel prices, rising inflation and concerns around the monsoon," said Prasun Basu, president, Nielsen South Asia.

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel