Mumbai: India now holds 6th position as the most economically confident country in the world after Saudi Arabia, Germany, China, Sweden, and Canada. A survey of 24 countries by the global research firm “Ipsos Economic Pulse of the World,” India’s economic confidence level has been continuously increasing since October 2013 and it has reached to 61 per cent in February 2014, a rise of 10 points.
About four in ten (37 per cent) Indians believes that the domestic economy that impacts their personal finance is good, whereas five in ten (48 per cent) people expect that the economy in their local area will be stronger in the next six months, a surprising decline of 3 points.
Ipsos India CEO Mick Gordon said “Bullish foreign investors are returning to India and plowing in billions of dollars into Indian equities, in anticipation of a more business-friendly government winning the general elections this spring.” “The upbeat Economic Confidence is aided by resurgence in exports due to global economic revival, appreciation of rupee, improved performance of industry and services and moderation of inflation in India,” he added.
Saudi Arabia (85 per cent) tops the global ratings, followed by Germany (74 per cent), China (69 per cent), Sweden (69 per cent), Canada (63 per cent) and India (61 per cent).
