Friday, 31 March 2017

India`s consumer confidence highest among EMs

A survey has said that India's consumer confidence is highest compared to other emerging market peers despite the near-term sentiment being adversely impacted by the Centre's demonetisation move. India has the highest consumer confidence score among the eight emerging markets surveyed -- Brazil, China, India, Indonesia, Mexico, Russia, South Africa and Turkey -- while China slipped to third place. India's buoyant consumer sentiment was supported by consumers' greater confidence in their current and future finances, as well as relatively lower inflation expectations.

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