'Consumer confidence highest since Q4 of 2012'

'Consumer confidence highest since Q4 of 2012'

Consumer confidence level in India jumped six points in the first quarter of the current fiscal, the highest optimism level since the fourth quarter of 2012, according to a Nielsen global survey.

Consumer confidence score in India in the ongoing fiscal's first quarter was at 121, against 115 in the previous quarter.

The survey noted that India has retained its position as the second most optimistic country in the survey. Indonesia leads the global index with 124 points and the Philippines is in third place with 116 points.

"Consumer confidence levels above and below a baseline of 100 indicate degrees of optimism and pessimism," Nielsen said in a statement.

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