Press Esc to close
Sunday 25 September 2016
News updated at 5:18 PM IST
Weather
Max: 25.8°C
Min : 19.6°C
In Bengaluru
Generally cloudy

India Inc optimistic about biz, jobs

Bangalore, Jan 4, 2013, DHNS:

Indian businesses are increasingly optimistic about the economy and are hopeful of a "strong start" in 2013 on key indicators of revenues, jobs and profits, according to survey by accountancy firm Grant Thornton International.

The survey titled "International Business Report" (IBR) released on Thursday said that optimism among Indian business owners is 71 per cent, a rise of 13 per cent, compared to the global average rise of 4 per cent. It further said that the low optimism globally is in contrast to 23 per cent observed in the first half of 2012.

Hopes of an increase in revenue (85 per cent), followed by employment opportunities (84 per cent) and profitability (71 per cent) are key factors for driving optimism among Indian businesses,.

Commenting on the report, Grant Thornton India Partner Munesh Khanna said: " “Global economic scenario and certain inherent domestic risks notwithstanding , the Indian economy, on the back of positive measures such as policy changes, mega project clearances, regulation implementation and anticipated interest rate reduction is poised to grow at an accelerated growth trajectory. This is reflected in the increased optimism levels among Indian Businesses.”

The survey that covered about 3,200 business leaders in 44 economies suggested that the ongoing fears of Eurozone crisis and global uncertainty over the US "fiscal cliff" contributed to a perception of muted growth prospects globally.
Regionally, the IBR reveals a more mixed picture.

Business optimism in the emerging markets of Latin America remained relatively stable over the last year, and actually increased to 69 per cent in Q4, up from 61 per cent this time last year. The BRICS economies (34 per cent to 39 per cent) also remained consistently optimistic, while Asia Pacific (exclusively Japan) has seen a rise from 23 per cent to 28 per cent over the same period, the report said.


Go to Top

Photo Gallery
Army personnel arrive to help flood affected people in Hyderabad...

Army personnel arrive to help flood affected people in Hyderabad...

Prime Minister Narendra Modi with BJP President Amit Shah wave to the crowd at public rally...

Prime Minister Narendra Modi with BJP President Amit Shah wave to the crowd at public rally...

Thangavelu Mariyappan who won the gold in the Paralympics in Rio de Janeiro...

Thangavelu Mariyappan who won the gold in the Paralympics in Rio de Janeiro...

A view of regular traffic during relaxation given by authorities and separatists from strike...

A view of regular traffic during relaxation given by authorities and separatists from strike...

A truck hangs mid-air after breaking the railing of a road bridge over Manjira river in Medak...

A truck hangs mid-air after breaking the railing of a road bridge over Manjira river in Medak...

Cricketer M.S. Dhoni at the launch of refurbished edition of Maruti Suzuki's Alto 800...

Cricketer M.S. Dhoni at the launch of refurbished edition of Maruti Suzuki's Alto 800...

An artist takes selfie with other artists in Ahmedabad on Saturday...

An artist takes selfie with other artists in Ahmedabad on Saturday...

Indian Space Research Organisation's PSLV-C35 ready to be launch on Saturday with SCATSAT-1...

Indian Space Research Organisation's PSLV-C35 ready to be launch on Saturday with SCATSAT-1...

People participate in a protest by Maratha Karnti Morcha against Kopardi Rape case in Nashik...

People participate in a protest by Maratha Karnti Morcha against Kopardi Rape case in Nashik...

Soldier carrying weapon at a location near the Indo-Pak border in Jammu...

Soldier carrying weapon at a location near the Indo-Pak border in Jammu...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523