India tops the global confidence index, once again

Once again India tops the global confidence index for the October-December '15 quarter at 131 points, followed by Philippines, Indonesia and Thailand, a new report by researcher Nielsen's consumer confidence index said.

While job security continues to be the top concern for Indians, state of the economy has replaced work-life balance as the second biggest concern. Other concerns include climate change, increasing food prices and health.

"With inflation largely under control and various macro-economic indicators looking positive, the industry is looking at a period of stability after a volatile 2015. This sense of optimism seems to be rubbing off on the Indian consumer, and consumption is expected to get a fillip in the new year," Nielsen India senior VP Roosevelt D'Souza said in a statement. His statement added that the confidence is perhaps bolstered by government initiatives such as the 'start-up India' campaign.

(Image credits: indiatimes)