Mumbai: Boomtown of post-recession world!
Businesses in Mumbai and Shanghai are set to leave behind NY and London post-recession.
London: Confidence levels among senior business executives in Mumbai and Shanghai are so high that they are leaving their counterparts in New York and London far behind, with significant implications for the post-recession global economy.
With India having emerged relatively unscathed from the recession, more than 90 percent of senior business figures in Mumbai are more confident now than at the beginning of the year, according to a study published Monday.
Ever more remarkably, 92 percent of Mumbai`s business bosses are confident in the economic outlook for the next 12 months, says the study by the London-based international law firm Eversheds.