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India Leads Global Consumer Confidence Ranking With 66.9 Score
A consumer-confidence score is a way to measure how positive people feel about their money and the economy.
In the September comparison, India had the highest score among 17 major economies, at 66.9.
Sweden came second, while Japan had the lowest score.
A separate Ipsos reading for July also placed India at the top, with a score of 67.1.
The report compared confidence with expected inflation, or how much prices may rise.
India’s projected inflation was 4.7%, alongside its high confidence score.
Türkiye and Argentina were expected to have much higher inflation and had low confidence scores.
The figures show that inflation and people’s confidence do not always move together.
India topped Visual Capitalist’s September comparison of 17 major economies, scoring 66.9.
Sweden ranked second at 58.6, followed by Malaysia at 57.0 and Singapore at 54.1.
Japan had the lowest score among the 17 economies at 39.4; France scored 40.6 and Germany 41.4.
July Ipsos figures gave India a National Index score of 67.1, the only score above 60 among 30 surveyed markets.
India’s projected 2026 inflation rate was 4.7%, while Türkiye and Argentina combined high projected inflation with low confidence scores.
- Who
- Consumers in 17 major economies, with India recording the highest score.
- What
- A Visual Capitalist comparison ranked consumer confidence alongside projected inflation.
- Where
- The 17 economies included India, Sweden, Japan, France, Germany, the United States and others.
- When
- The comparison uses September 2026 figures; the article also cites Ipsos figures from July 2026.
- Why
- Consumer confidence is monitored as an indicator of household spending and economic expectations.
Confidence and inflation are related
Confidence and inflation can diverge
How inflation corresponds to consumer confidence
Confidence and inflation are related
The comparison places inflation and consumer confidence together as indicators relevant to the economic picture.
Confidence and inflation can diverge
The findings show they do not necessarily move in line: Japan had the lowest projected inflation among the cited examples at 1.8% but relatively weak confidence, while India paired 4.7% projected inflation with the top confidence score.
Key facts
- Top-ranked economy
- India
- India confidence score
- 66.9 in the September comparison
- India July Ipsos National Index
- 67.1; the only score above 60 among 30 surveyed markets
- Second-ranked economy
- Sweden, with 58.6
- Lowest-ranked economy
- Japan, with 39.4
- India projected 2026 inflation
- 4.7%
- Türkiye and Argentina projected 2026 inflation
- 31.5% and 30.8%, respectively
Sources
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