Investors cautiously optimistic about eco, investment climate
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Last Updated: Monday, August 17, 2009, 21:31
New Delhi: Indian investors are cautiously optimistic about the economic and investment climate in the country, a survey by JP Morgan Asset Management said.

The survey, in association with independent market research firm ValueNotes, found the Indian financial community currently holds a cautiously optimistic view towards their local market.

The survey measures the confidence in the investment environment among investors through its Investment Confidence Index (ICI).

The ICI index at the end of July 2009 stands at 135.9, which is arrived by taking an average of the Investor Confidence Index(at 138.3), Corporate Confidence Index (136.0) and the Adviser Confidence Index (133.5), the survey said.

"Indian economic prospects drive confidence across the board. A government with a strong majority was viewed as the most positive economic signal. A deeper study of the indices throws up a recurring theme across all three categories -- a consistently high levels of optimism on an improvement in the Indian economic situation," ValueNotes Managing Director Arun Jethmalani said.

This is contrasted by a marked pessimism or significantly lower confidence on the global economic recovery, it added.

The survey took place in July 2009 in eight cities across India-- Delhi/NCR, Mumbai, Kolkata, Chennai, Ahmedabad, Bengaluru, Hyderabad and Pune.

Bureau Report

First Published: Monday, August 17, 2009, 21:31

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