74 Percent Indians Think Country's Economic Conditions Good: Pew


WASHINGTON: More Indians are bullish about the country's economic state as nearly three-fourth believe the economy is doing well, despite concerns about a worldwide recovery, a new study has found.

Pew Research in a report said 74 per cent of Indians they interviewed believed the country's economic conditions are good, a 10 per cent jump.

"In emerging markets, half or more in 14 of 21 countries see their economy as negative. The gloomiest are Ukrainians, Lebanese and Brazilians," the report said.

"At the same time, 90 per cent of Chinese, 86 per cent of Vietnamese and 74 per cent of Indians think economic conditions are good in the year 2015," it said.

According to Pew, some 64 per cent of Indians thought that the economy was doing well.

According to the survey, a median of just 40 per cent in advanced economies say conditions are good, as do 45 per cent in emerging economies and 46 per cent in developing nations.

The study concluded that the overall sentiment is largely unchanged from economic sentiment in comparable countries in 2014.

Pew said there is sign of growing public faith in an economic recovery in some of the largest economies.

Roughly four-in-ten Americans, Europeans and Japanese say economic conditions are good in their countries.

Such sentiment is up 30 percentage points in Japan from the low point in 2012; up 23 points from the low in the U.S. in 2009; and up 23 points from the low in 2013 for the median of five European Union nations.

"European and Japanese views, while far from positive, have now returned to or exceed pre-financial-crisis levels. But American attitudes, while rebounding, are still more negative than they were in 2007.

"This modest recovery in public economic sentiment parallels a gradual pickup in economic growth in many of these economies," it said.

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Source: PTI