News: India's economic confidence drops; ranks 6th globally: Survey

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India's economic confidence drops; ranks 6th globally: Survey

India's economic confidence dropped last month due to plethora of corruption allegations against the Union government ministers and the country is now the sixth most economically confident country in the world after Saudi Arabia, Sweden, China, Canada and Germany, a PTI report said.

India's economic confidence dropped last month due to plethora of corruption allegations against the Union government ministers and the country is now the sixth most economically confident country in the world after Saudi Arabia, Sweden, China, Canada and Germany, a PTI report said.

According to a survey by global research firm Ipsos, India's economic confidence dropped by 2 points to 63 per cent in April 2013 compared to March 2013.

The drop in economic confidence of the country was despite the fact the there has been a continuous decline in inflation rate and upbeat investor confidence, Ipsos said.

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Topics: C-Suite, #Updates

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