The latest round of the survey of ‘Neilson Global Consumer Confidence Index’, pertaining to the Consumer confidence levels indicates that, this variable has declined by 4 points to 119, in our country in the second quarter of the present year. In the first quarter, this was at 123 points.Neilson is a Global organization that surveys the information pertaining to what the consumers are watching and buying. At the global level as per this survey, of late the consumer confidence has declined by 3 points to the level of 91. The present level of confidence amongst the consumers is 7 points lower than that of the second quarter of 2011, when it was in the range of 126 points. India was at the number 1 position, on this index, till of the latest data of Quarter 2 of 2012, was released. Now, Indonesia has crossed India to claim the first place, amongst the countries that were surveyed. This drop for India on the consumer confidence index for the first time in 9 quarters, shows the growing anxieties amongst the Indian consumers as to the job security (among 21% of the people surveyed,)and the State of the economy(12%.)The rising Inflation along with the fuel prices and the depreciation of the Rupee too took their toll on the Indian consumer, as per this survey.  This decline did not occur overnight, says the Neilson survey. Despite our Number one position on this index, till the latest quarter; the points Indi scored are declining, since the last 4 quarters i.e. ever since the second quarter of 2011. Now, with the GDP figure of the country dropping to the level of below 7%, the consumer confidence index too has taken a big beating. And one more observation is that about 53% of those surveyed believe that the country is under recession now, which is a 2% point’s rise over the last quarter and a 10 % rise over the same period last year. And amongst this 53% of the latest round, only a minority do believe that this recessionary condition would be overcome with in a period of one year.  In this context, about 52% of the respondents told that they would cut down their spending on Gas and electricity bills and spend less on clothes. They are also in the wait and watch mood, when it comes to the home loans and the insurance policies.  This latest round survey was conducted online, from 4th of May to 21st of May, 2012; with about 28,000 consumers in the Asia-pacific, Europe, Latin America, North America, Middle East and Africa. The Indian sample constitutes about 500 people.Neilson is conducting this kind of survey since the year 2005.