India Inc sees economy improving in next 6 months: ASSOCHAM Survey

November 23, 2012 6:54 am

Despite weak domestic demand and uncertain economic environment globally, India’s economic situation will improve significantly at the critical levels of macro, industry and firm levels in the coming six months, according to the latest Assocham Bizcon Survey (ABS).
Gauging and reflecting the mood of the business and the industry, the September Round of Survey found that though the situation on the ground did not change in the last six months, prospects have improved for the next two quarters.
Good news is that the industry is optimistic and expects both the overall economic as well as their individual situations to be much better in the short to medium term horizon, adds the survey.
Majority of the respondents (cumulatively 60.4) in the ABS were of the opinion that overall economic situation would be better. At the industry level 62.5 per cent of industry shares the viewpoint the performance shall be better in the coming six months.

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