As per the survey by MasterCard Worldwide Index of Consumer Confidence (MWICC), the Indian consumer’s confidence measured 82.1 on the index, compared with 57.2 for the Asia-Pacific region.
The survey was conducted from 24 April – 19 June, 2012, among 11,376 respondents aged 18-64 years in 25 countries across Asia-Pacific, Middle East and Africa. As per the findings, the Indian consumer is optimistic toward employment, economic growth, regular income, stock market and quality of life compared with sentiment in other countries. The index readings of these parameters are averaged to get the MWICC index.
China is next after India on the MWICC index, at 77.4, Vietnam at 77.2 and Thailand at 75.8. Among the pessimists are Japan at 23.6, Australia with an index reading of 39.2 and Taiwan at 25.7.