Half of India expects economy to do well in next 6 mths: study

NEW DELHI: India’s economic confidence is on an upward swing. Nearly four in 10 Indians (37%) believe that the economy, which impacts their personal finance, is performing well. As much as five in 10 (48%) people expect that the economy in their area will be even stronger in the next six months, according to a report by French market research company Ipsos.

The report says that falling inflation, an appreciation in the rupee vis-a-vis the US dollar, and the improving performance of the industry and the services sectors have boosted investor confidence over the last one year, and given rise to the economic confidence.

“Ipsos Economic Pulse of the World” study shows that India’s economic confidence level has been continuously increasing since October 2013 till the conclusion of the study in February this year.

India now holds the sixth position among the most economically confident countries in the world after Saudi Arabia, Germany, China, Sweden, and Canada, according to the report.

“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,” said Mick Gordon, CEO, Ipsos in India.

The online Ipsos Economic Pulse of the World survey was conducted with a sample size of 18,647 people in the age group of 16-64 in 25 countries.

Ipsos is an independent market research company controlled and managed by research professionals.

Founded in France in 1975, it has grown into a worldwide research group with a strong presence in all key markets. Ipsos ranks third in the global research industry.