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Indians most confident globally about job prospects: Nielsen

business Updated: Jul 25, 2010 16:37 IST

Indians are the most optimistic about job prospects and personal finances globally, according to a survey by consultancy firm Nielsen.

According to the Nielsen Global Consumer Confidence report, 92 per cent of Indians were optimistic about their job prospects in the next 12 months.

Indians were also the most optimistic about the state of their personal finances in the next 12 months. Nearly 14 per cent of Indians think it is an 'excellent' time to buy the things that they want and need and 71 per cent think it is a 'good' time to make purchases.

"The positive attitude of Indians comes on the back of a robust GDP growth (9 per cent) in the April-June quarter of 2010. For the fiscal 2009-10, India's economy grew by 7.4 per cent due to higher-than-anticipated growth in the agriculture, mining and manufacturing sectors," The Nielsen Company (India) President Piyush Mathur said.

Nielsen, which tracked confidence, major concerns and spending intentions among 27,000 Internet users in 48 countries, found that Indians were the most optimistic globally on all parameters, whether it was their job prospects, personal finances or attitude towards spending.

In addition, the report revealed that India scored the top position in the consumer confidence index during the April-June quarter of 2010.

With 127 index points, India was ranked number one in the latest survey, followed by Indonesia and Vietnam, with 115 points each, Nielsen said.

Job scares and financial concerns are a thing of the past for Indians. They have been replaced by concerns over increasing food prices, with 13 per cent of Indians citing this as their biggest concern in the second quarter of the 2010 calender year.

In fact, India tops all other countries where increasing food prices are concerned, it said.

Other concerns bothering Indians were terrorism and children's education, parent's welfare and happiness and global warming.