India Ranks Second in Global Consumer Confidence January 2026

India emerged as the world’s second most optimistic consumer market in January 2026, reflecting strong confidence in economic prospects and employment conditions. The latest LSEG–Ipsos Primary Consumer Sentiment Index (PCSI) placed India just behind Indonesia, underscoring resilient domestic demand and a positive growth outlook at the start of the year.

India’s Position in Global Rankings

According to the PCSI, India recorded a national index score of 60.7 in January 2026, rising by 1.4 percentage points from the previous month. Among the 30 countries surveyed, only Indonesia, with a score of 62.6, ranked higher. These were the only two markets to cross the 60-point threshold, indicating comparatively strong consumer optimism.

Economic and Employment Optimism

The improvement in India’s score was driven primarily by upbeat expectations around the economy and jobs. The Economic Expectations Sub-Index rose sharply by 6.6 points, while the Employment Sub-Index increased by 6.3 points. These gains suggest growing confidence in future economic activity and improved job opportunities, supported by steady domestic demand and favourable growth indicators.

Mixed Signals on Finances and Investments

Despite the overall rise in sentiment, some caution persisted. The Current Personal Financial Conditions Sub-Index declined marginally by 0.6 points, and the Investment Climate Sub-Index fell by 2.0 points. This indicates that while consumers are optimistic about the broader economy and employment, households remain guarded about personal finances and investment decisions.

Important Facts for Exams

• India ranked second globally in consumer confidence in January 2026.
• The LSEG–Ipsos PCSI score for India stood at 60.7.
• Indonesia topped the index with a score of 62.6.
• The survey covered over 21,000 adults across 30 countries.

Global Trends and Survey Context

Globally, the Global Consumer Confidence Index showed a modest improvement, reflecting gradual recovery in consumer mood. The survey, published monthly by Ipsos and covering respondents under 75 years of age, highlighted varied regional trends, with Asia-Pacific markets showing mixed results. India’s strong showing positions it as a key bright spot in global consumer sentiment at the beginning of 2026.