India Maintains Second-Highest Consumer Sentiment Score Globally in July 2025

Consumer sentiment in India increased by 1.8 percentage points in July 2025, maintaining the country's position as the second-highest scoring nation among 30 markets surveyed by the LSEG-Ipsos Primary Consumer Sentiment Index, despite ongoing global economic uncertainty.

India recorded a national index score of 60.9, trailing only Indonesia at 61.3. The two countries remain the only nations with scores above 60 points.

All four sub-indices showed improvement during July. The Economic Expectations sub-index rose 3.1 percentage points, while the Investment Climate sub-index surged by the same margin. Current Personal Financial Conditions increased 1.9 percentage points, and Employment Confidence gained 0.4 percentage points.

"July brings positive news for India, with a noticeable up lift in consumer sentiment across various fronts --- the economy, investments, and personal finances. Even job sentiment has shown a slight improvement this month, building on last month's gains. Several factors may have contributed to this growing optimism: a promising start to the monsoon season in many regions, a decline in food inflation, continued tax cuts by the Finance Minister boosting household savings, a cut in the repo rate lowering loan interest burdens, and the overall resilience of the Indian economy, which remains strongly driven by domestic consumption. Together, these elements are fostering a more upbeat consumer outlook," said Amit Adarkar, CEO, Ipsos India.

Nine countries registered national index scores at or above 50 points: Sweden (56.2), Mexico (55.0), the Netherlands (53.8), the United States (53.8), Singapore (53.4), Malaysia (52.7), Great Britain (52.0), Poland (51.7), and Brazil (51.1).

Three countries recorded scores below 40 points: Hungary (36.7), Japan (35.9), and Turkey (34.3).

The monthly survey, conducted by Ipsos across 30 countries, interviewed over 21,700 adults. India's sample included approximately 2,200 individuals, with 1,800 interviewed face-to-face and 400 online. The sample represents urban population segments across social economic classes A/B/C in metros and tier 1-3 towns across all four zones.

The LSEG-Ipsos Primary Consumer Sentiment Index has tracked consumer attitudes since 2010, measuring perceptions of local economic conditions, personal finances, savings, and investment confidence across participating markets.