Consumers in Indonesia have the highest confidence levels around the world after overtaking their Indian counterparts, a report has revealed.

Nielsen, the research group, polled 28,000 internet users in 56 countries, and reported that participants in Indonesia delivered a reading of 120 points (where 100=neutral), up by two points versus the previous quarter.

The Indian panel, however, logged a two point decline, to 119 points. Despite this, Piyush Mathur, president of Nielsen India, suggested the overall climate remained positive.

"While there is no doubt the Indian economy is slowing down a bit and the country is adjusting to that new reality, the nominal GDP growth rates are still the envy of the developing world given the size and scale of the market," he said.

Read More