India's Consumer Confidence Rises 2.9 Points in June 2025

India's consumer confidence increased by 2.9 percentage points in June 2025, reaching a national index score of 59.0, according to the LSEG-Ipsos Primary Consumer Sentiment Index. The improvement occurred across all four measurement categories, with employment confidence showing the strongest gains.

The employment confidence sub-index surged 6.5 percentage points, while economic expectations rose 4.2 percentage points. Current personal financial conditions improved by 3.2 percentage points, and the investment climate sub-index increased 1.0 percentage point compared to the previous month.

India ranked second among 30 countries surveyed, trailing only Indonesia, which recorded the highest national index score of 61.1. Twelve other countries registered scores at or above the 50-point mark, including Malaysia at 55.7, Singapore at 55.1, and Mexico at 54.2.

Amit Adarkar, CEO of Ipsos India, attributed the improvement to stabilizing conditions following previous uncertainties. "Optimism among citizens is rife in June as we see stability setting in this month, after a torrid May of war and previously the tough Trump trade laws and immigration laws announced by Trump govt in April, leading to anxiety and uncertainty among citizens. The good news is that the consumer sentiment has seen a major uptick for jobs and the economy. Sentiment is also up for personal finances and investments, indicating, citizens are comfortable financially, both for taking care of household spends and discretionary spends. Sentiment for jobs has seen a major surge of +6.5 percentage points, indicating, hiring and jobs are back. Post Operation Sindoor and diplomacy mission of the government, there is a somewhat feel good factor pervading the nation. Also with our made in India success stories of weaponry, saving civilian lives, has been reassuring."

At the lower end of the rankings, three countries recorded national index scores below 40 points: Japan at 37.1, Turkey at 35.3, and Hungary at 33.5.

The monthly survey collected data from over 21,700 adults across 30 countries using Ipsos's Global Advisor online platform and IndiaBus platform for Indian respondents. The Indian sample included approximately 2,200 individuals, with 1,800 interviewed face-to-face and 400 interviewed online.

The LSEG-Ipsos Primary Consumer Sentiment Index has been conducted monthly since 2010, measuring consumer attitudes toward local economic conditions, personal financial situations, savings, and confidence in major investments.