Thursday 17 April 2014
News updated at 6:00 PM IST
Weather
Max: 34.6°C
Min : 22.4°C
In Bangalore
Sunny day

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
India's new Naval Chief, Admiral Robin K Dhowan inspects a Guard of Honour at Defence...

India's new Naval Chief, Admiral Robin K Dhowan inspects a Guard of Honour at Defence...

Vikramaditya Motwane, Karan Johar, Vikas Bhal, actor Ranbir Kapoor and Anurag Kashyap during a ...

Vikramaditya Motwane, Karan Johar, Vikas Bhal, actor Ranbir Kapoor and Anurag Kashyap during a ...

A 109-yr-old voter shows her identity card after casting her vote for Lok Sabha elections at a ...

A 109-yr-old voter shows her identity card after casting her vote for Lok Sabha elections at a ...

Voters stand in a queue to cast their votes for 5th phase of Lok Sabha elections in Jalpaiguri...

Voters stand in a queue to cast their votes for 5th phase of Lok Sabha elections in Jalpaiguri...

Senior citizens being carried on a bullock cart for casting votes for Lok Sabha polls near ...

Senior citizens being carried on a bullock cart for casting votes for Lok Sabha polls near ...

Muslim women show their inked fingers after casting votes for Lok Sabha elections in Moradabad on...

Muslim women show their inked fingers after casting votes for Lok Sabha elections in Moradabad on...

First times voters showing their inked fingers after casting votes at a polling station during...

First times voters showing their inked fingers after casting votes at a polling station during...

An anti-government protester with her face painted in the colors of Venezuela's flag with the...

An anti-government protester with her face painted in the colors of Venezuela's flag with the...

Rescue boats sail around the South Korean passenger ship 'Sewol' which sank, during their rescue...

Rescue boats sail around the South Korean passenger ship 'Sewol' which sank, during their rescue...

A masked penitent takes part in the procession of the 'Santa Veracruz'' brotherhood, during Holy...

A masked penitent takes part in the procession of the 'Santa Veracruz'' brotherhood, during Holy...

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