A report by market research firm Ipsos revealed that consumer sentiment in India saw a 1.4 percentage point increase in January 2026, ranking the country second among 30 markets with a national index score of 60.7. The Global Consumer Confidence Index (GCCI) rose by 0.5 points to 49.9 this month, marking the third consecutive monthly increase after a stagnant period in 2025. The rise in consumer sentiment is attributed to confidence in India’s economic fundamentals, driven by sustained domestic demand, improving employment expectations, and a positive growth outlook.
“The increase in consumer sentiment reflects confidence in India’s economic fundamentals, supported by sustained domestic demand, improving employment expectations, and a positive outlook for growth,” stated Suresh Ramalingam, CEO of Ipsos India. He further emphasized that these factors are shaping more optimistic consumer perceptions and reinforcing India’s position among the stronger-performing markets globally. The report highlighted mixed trends across sub-indices, with the PCSI economic expectations sub-index surging by 6.6 points and the PCSI employment sub-index rising by 6.3 points, indicating strong optimism about future economic activity and job opportunities.
On the other hand, the current personal financial conditions sub-index experienced a slight decrease of 0.6 points, while the investment climate sub-index dropped by 2.0 points, signaling some caution regarding personal finances and investment. The GCCI, based on a monthly survey of over 21,000 adults under 75 from 30 countries, is calculated as the average of all surveyed countries’ overall or “national” indices. Among the surveyed countries, Indonesia leads the National Index with 62.6, followed by India at 60.7, as the only two markets surpassing the 60-point mark this month.
Eleven additional countries scored above 50, including Malaysia, Thailand, Sweden, Brazil, Mexico, Australia, the US, the Netherlands, Singapore, Colombia, and Poland. Conversely, France, Hungary, and Türkiye recorded National Index scores below 40, standing at 39.8, 36.1, and 34.6, respectively.
