Indias economic confidence revives says Ipsos study

MUMBAI: India’s economic confidence revived substantially due to healthy farm output, a sharp boost in exports and narrowing of current account deficit, according to a report by global research firm Ipsos.


According to the “Ipsos Economic Pulse of the World” study, India's economic confidence jumped sharply by 11 points to 51 per cent in the month of November compared to the month of October 2013. India now stands as the seventh most economically confident country in the world after Saudi Arabia, Germany, Sweden, Canada, China, and Australia.


Three in ten (32 per cent) Indians believe a health increase of five points. Indians are very hopeful about stability and growth in future with general election in the first half of 2014; four in ten (42 per cent) people expects that the economy in their local area will be stronger in next six months, a slender rise of one point.


“Indian economy has bottomed out after a two-year slump and it is likely to see a positive growth trend from here on with positive indicators like narrowing CAD, revival of exports, growth of manufacturing sector and increasing investor confidence,” said Ipsos in India CEO Mick Gordon.


“Good Monsoon resulted in bumper crop output, which in turn generated rural demand for goods such as tractors, motorcycles and consumer goods leading to growth of the manufacturing sector,” added Gordon.


The online Ipsos Economic Pulse of the World survey was conducted in October 2013 among 18,083 people in 24 countries.


After a significant decline last month, the average global economic assessment of national economies surveyed in 24 countries took a one-point turn for the better this month as 37 per cent of global citizens rate their national economies to be “good.”


Saudi Arabia (85 per cent) continued to dominate the global ratings of national economies, followed in a distance by Germany (68 per cent), Sweden (67 per cent), Canada (66 per cent), China (65 per cent) and Australia (64 per cent). Once again, only a handful of those in Spain (four per cent) rate their national economies as ‘good’, followed by Italy (five per cent), Hungary (10 per cent), France (10 per cent), and South Korea (19 per cent).


Countries with the greatest improvements in this wave were Indonesia (45 per cent, 14 points), India (51 per cent, 11 points), South Africa (27 per cent, six points), Brazil (35per cent, five points), Great Britain (29 per cent, five points) and China (65 per cent, four points).


Those from Brazil (62 per cent), once again, hold the strongest future outlook for their local economy in the next six months. The other high-ranking countries, which followed at a distance, were: Saudi Arabia (48 per cent), India (42 per cent), China (39 per cent), Indonesia (37 per cent) and Argentina (37 per cent).

Latest Reads
CNNMoney new section will be about the fastest growing economy; MoneyStream app launched

MUMBAI: Attracting 1.8 million average monthly page views, witnessing a 37 per cent growth in video consumption and 16 per cent in unique browsers month-on-month from India in less than a year’s time is not smooth. In its ambitious plan of global expansion, CNN Digital is leaving no stone unturned...

Television TV Channels News Broadcasting
Content a 'Game of Thrones'; AT&T's control over HBO, Cartoon Network, Warner Bros faces regulatory lens

The global media landscape is resulting in a new juggernaut as an internet and cable behemoth yesterday purchased an entertainment conglomerate making the former unmatched in its size and reach to consumers through home broadband, smartphones, satellite television and a battery of movies and cable...

Television TV Channels English Entertainment
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

MUMBAI: Can businesses and industries practise their art of selling fairly although they have 'Fair Practices' training during academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India. If the traffic cop is watching,...

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary
Colors emerges strong on strength of Naagin I & II

MUMBAI: One of the top rated shows Naagin Season 2 helped Colors reach a top-ranking position.

Television TV Channels GECs
Pakistan Broadcasters Association to oppose PEMRA Indian content ban

MUMBAI: The Pakistan Electronic Media Regulatory Authority (PEMRA) shocked both Pakistan and Indian broadcasters when it issued an order blanking out  all Indian content from Pakistan’s television channels on 19 October.

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories