New Delhi, Oct 24: India's consumer sentiment saw an uptick of 1.4 percentage points in October 2025, driven by the onset of the festive season and recently introduced GST reforms aimed at easing the indirect tax burden.
Household Savings and Spending on the Rise
The festive season, coupled with government-led GST reforms designed to reduce the cost of living, seems to have enabled more household savings and increased capacity for discretionary spending.
Ipsos Report Reflects Optimism Across Economic Indicators
"These factors have collectively led to a positive movement in India’s National Index score, reflecting broader optimism around jobs, personal finances, investments and the economy," Ipsos, a market research firm, said in its report.
Regional Gains in Consumer Confidence Across Asia-Pacific
According to the report, regionally, sentiment was largely positive across the Asia-Pacific, and Indonesia saw the highest gain, with a rise of 6.5 percentage points.
India Among Top Gainers in the Region
Thailand followed with an increase of 3.6 points, South Korea with 2.6 points, Malaysia with 2.1 points, and India with 1.4 points.
Festive Spirit Fuelling Positive Economic Outlook
“From late September through October, India has been in a celebratory mood, with a host of festivals, creating a feel-good atmosphere across the country. The festive season seems to have spurred consumer spending, reflecting the spirit of celebration," said Suresh Ramalingam, CEO, Ipsos India.
GST Reforms Further Strengthen Consumer Optimism
The festive fervour, combined with the government’s recent GST reforms aimed at reducing the cost of living and enhancing household savings, appears to have provided a further boost to consumer sentiment, he added.
Mixed Trends Across Other Global Markets
In contrast, Australia and Japan experienced declines in consumer sentiment, falling by 2.1 and 2.0 percentage points, respectively.
According to the report, in Latin America, the picture was mixed.
Argentina Records Sharpest Global Drop
"Argentina showed the largest drop in sentiment globally, with a decline of 3.5 percentage points, followed by Colombia at -3.1 points. Brazil, however, registered a significant increase of 2.2 points," the report said.
India Ranks Second Globally in Consumer Sentiment Score
Among the 30 countries surveyed, Indonesia holds the highest National Index score at 58.8, reflecting a strong monthly gain of 6.5 percentage points in consumer sentiment.
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Global Sentiment Moderates Despite Regional Highs
India ranks second with a national index score of 58.4, marking an increase of 1.4 points over the previous month.
For the third consecutive month, no country has reached or surpassed the 60-point mark, highlighting a general moderation in global consumer sentiment.
(Disclaimer: Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)
