India Moves Up In Optimism To Fourth Spot In May 2023
India has moved up in optimism to 4th spot in May 2023, from the earlier 7th spot in April 2023, with at least 6 in 10 urban Indians (61 per cent) believing, India is moving in the right direction.
India is preceded by the top 3 markets of Singapore (84 per cent), Indonesia (78 per cent) and Malaysia (68 per cent) in optimism. The markets most pessimistic with least number of citizens believing their country was on right track were Argentina (8 per cent) and South Africa (11 per cent).
Interestingly, global citizens too were seen to be pessimistic about the prospects of their country, with only 38 per cent believing their country was moving in the right direction. Though there was a miniscule improvement in sentiment over the previous month by 2 per cent.
Commenting on the findings of the survey, Amit Adarkar, CEO, Ipsos India stated, “We see an overall improvement in optimism among urban Indians and India’s rank per se has also moved up from 7th to 4th rank which could largely be because of stability in the overall macro environment.
He added, the job market is opening up with companies hiring in the new financial year and some have also doled out increments. But worry around cost of living and inflation has seen a major surge in May 2023. And prices of essential commodities continue to rise and strain the wallet of the common man.
