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17
January 2017
 |
Indian consumers
(The Total Investment & Insurance Solutions)
Indian consumers remain the most optimistic
in the Asia-Pacific region and their outlook on economy and stock market showed
highest levels of confidence even after their government's recent
demonetisation measure, a report said on Monday. The Total Investment & Insurance Solutions
"Consumers in India remain extremely
optimistic in their outlook for the next six months," said the Mastercard
Index of Consumer Confidence for the second half of 2016, released on Monday.
India topped
the Asia-Pacific region as the most optimistic market despite recording a
slight dip of 2.4 points in the overall consumer confidence, to 95.3 points, it
said.
"Consumers
in India are 'extremely optimistic' about all five components measured in the
index, with their outlook on the economy (96.3) and stock market (96.2) showing
the highest levels of confidence," it added. The Total Investment & Insurance Solutions
The latest
report is based on a survey conducted across 17 markets in Asia Pacific,
between November 2016 and December 2016, Mastercard said. The Total Investment & Insurance
Solutions
Moreover,
countries like Myanmar (92.8), Vietnam (92.3) and Philippines (91.6) also
remained extremely optimistic in their outlook. The Total Investment & Insurance Solutions
Across Asia
Pacific, while Bangladesh (82.8, gain of 11.2), Hong Kong (42.2, gain of 10.1)
and Thailand (68.3, gain of 10.1) saw more than 10-point improvements, Taiwan
(34.2) and Malaysia (31.2) saw more than 10 point decreases. The Total Investment & Insurance
Solutions
"It is
very encouraging that India's confidence in the economic outlook remains
optimistic amid various economic developments in the country," Mastercard
South Asia Division President Porush Singh said in the statement. The Total Investment & Insurance
Solutions
"This
result is particularly interesting in light of the recent demonetisation drive
that has brought significant change to people's lives as they navigate from a
cash intensive economy to a less-cash economy," he added.The Total Investment & Insurance
Solutions
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