Courtesy:
www.indiabiznews.com
Business sentiment in Asia is at an all-time high with India the most
upbeat, followed by the Philippines and China, according to Grant Thornton
International's new survey on business optimism/pessimism that polled
7,200 leaders of private firms in 32 countries. The survey found Asians
the most confident in the world as they looked ahead to the next 12 months.
Asian countries took the top four spots on the list. The indicator covers
81% global GDP. India was the most upbeat with 97% of the respondents
optimistic. The Philippines followed with 88%, China was third at 85%
and Singapore fourth with 84%. Ireland, the Netherlands, South Africa,
Hong Kong, Sweden and Argentina filled the remaining top 10 spots with
the global average at 45%.
The National Council of Applied Economic Research (NCAER) has revised
its forecast for the country's gross domestic product growth for 2006-07
to 8.44 per cent, from the 8.13 per cent that it had forecasted in October
last year. NCAER has also projected a lower fiscal deficit of 3.63 per
cent for the current fiscal, against its October projection of 3.71 per
cent. Further, It has projected a decline in the current account deficit
to 1.93 per cent, from the earlier forecast of 2.11 per cent for 2006-07.
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