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India Consumer Confidence

India's Consumer Confidence Current Situation Index hit 96.9 points in September 2025. This is the highest reading since May 2024. The index increased by 0.4% from 96.5 points in July 2025. Lower inflation which fell to approximately 2% in August 2025, drove this rise. Improved perceptions of current income and spending also contributed. Consumers expect lower prices and inflation in the next year. A favorable monsoon and stable employment further boosted sentiment. India's record low Consumer Confidence Current Situation Index was 48.5 points in May 2021 and record high was 108.7 points in November 2016.

Monthly Historical Data (2015-2025)

(in points)
Month Consumer Confidence (points)
Sep 2025 96.9
Jul 2025 96.5
May 2025 95.4
Mar 2025 95.5
Jan 2025 93.7
Nov 2024 94
Sep 2024 94.7
Jul 2024 93.9
May 2024 97.1
Mar 2024 98.5
Jan 2024 95.1
Nov 2023 92.2
Sep 2023 92.2
Jul 2023 88.1
May 2023 88.5
Mar 2023 87
Jan 2023 84.8
Nov 2022 83.5
Sep 2022 80.6
Jul 2022 77.3
May 2022 75.9
Mar 2022 71.7
Jan 2022 63.7
Nov 2021 62.3
Sep 2021 57.7
Jul 2021 48.6
May 2021 48.5
Mar 2021 53.1
Jan 2021 55.5
Nov 2020 52.3
Sep 2020 49.9
Jul 2020 53.8
May 2020 63.7
Mar 2020 85.6
Jan 2020 83.7
Nov 2019 85.7
Sep 2019 89.4
Jul 2019 95.7
May 2019 97.3
Mar 2019 104.6
Dec 2018 96.7
Nov 2018 93.9
Sep 2018 94.8
Jun 2018 98.3
May 2018 94.2
Mar 2018 95.6
Dec 2017 97.7
Nov 2017 92
Sep 2017 96.4
Jun 2017 96.8
May 2017 100
Mar 2017 98.7
Dec 2016 102
Nov 2016 108.7
Sep 2016 104.2
Jun 2016 105
Mar 2016 104.1
Dec 2015 102.9
Sep 2015 102.9
India Consumer Confidence : Definition
The India consumer confidence current situation index measures current Indian consumer perceptions of the general economic situation and household finances. It is calculated from survey responses comparing current conditions related to the economy, employment, income and spending to a previous time. A reading above 100 indicates optimism while below 100 suggests pessimism.