Indian consumers remain most optimistic, among nine nations surveyed by Credit Suisse, about their current and future finances and relatively lower inflation expectations. According to Credit Suisse Emerging Consumer Scorecard 2016, India topped the chart, while China and Saudi Arabia shared the second position. In 2015 scorecard also India was at the top position.
The survey covered nine countries – Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa and Turkey. According to the survey average Indian respondent’s income has increased compared with a decline for the emerging markets average, although income expectations going forward have moderated.
As for other rankings, Indonesia was at the fourth place, followed by Turkey (5th), Mexico (6th), Brazil (7th), South Africa (7th) and Russia (8th).
India has amongst the lowest penetration rates for most categories, and the survey points to fast growth in consumption in categories with very low penetration like female hygiene products and smartphones.
So lets do:
1. Which country placed topped position in Credit Suisse emerging consumers scorecard 2016 ?
Source – The Hindu