Consumer sentiment in India strengthened again in January 2026, lifting the country to second place among 30 global markets tracked by the LSEG–Ipsos Primary Consumer Sentiment Index (PCSI) amid rising optimism over economic growth and job prospects. India’s National Index score rose 1.4 points to 60.7, underscoring confidence in the country’s economic fundamentals amid sustained domestic demand and improving expectations for job creation.
The latest reading places India just behind Indonesia and well above the global average, reinforcing its standing as one of the strongest-performing major economies as consumers look ahead to a more positive growth and labour market outlook in 2026.
Confidence in future conditions improved sharply, with the Economic Expectations Sub-Index rising 6.6 points and the Employment Sub-Index gaining 6.3 points, reflecting stronger expectations for economic activity and job creation. In contrast, sentiment around current finances softened slightly, as the Current Personal Financial Conditions Sub-Index slipped 0.6 points and the Investment Climate Sub-Index fell 2.0 points, suggesting caution around household finances and investment decisions.
“The rise in consumer sentiment reflects confidence in India’s economic fundamentals, supported by sustained domestic demand, improving employment expectations, and a positive growth outlook,” said Suresh Ramalingam, CEO, Ipsos India. “These factors continue to reinforce India’s position among the stronger-performing global markets.”
Globally, the Global Consumer Confidence Index (GCCI) rose 0.5 points to 49.9, marking its third consecutive monthly increase after remaining largely flat through much of 2025. The index is now 1.3 points higher year-on-year, suggesting an improving global mood entering 2026.
Among the 30 countries surveyed, Indonesia topped the rankings with a score of 62.6, followed by India at 60.7. These were the only two markets to cross the 60-point threshold. Eleven other countries recorded scores above 50, including Malaysia, Thailand, Sweden, Brazil, Mexico, Australia, the United States, and the Netherlands.
In contrast, consumer confidence remained weakest in Turkiye (34.6), Hungary (36.1), and France (39.8).
The January 2026 survey was conducted between 24th December, 2025, and January 9, 2026, covering more than 21,000 adults aged 75 or younger across 30 countries via Ipsos’ Global Advisor online platform. In India, the survey included approximately 2,200 respondents, combining face-to-face and online interviews. |
