Why Global Companies Are More Optimistic About India?


Bangalore: Citing cautious private sector and relatively high inflation, Moody’s, the global rating agency said that the country is struggling to boost investment and economic growth. Based on its central forecast scenarios, Moody's Investors Service has estimated that Indian economy would see 5.5-6.5 percent growth in 2013, as against 3.9 percent last year. The growth is projected to improve further to 6-7 percent in 2014, reports PTI.

However, despite the ups and downs it seems like investors across the globe still have faith on the country and are betting high.  T N Ninan, Columnist, Business Standard, penned down why are foreigners more optimistic about India then its own countrymen.  

It has been observed that most of the chief executives at India based companies are not optimistic about the short or even medium term prospect of the country.

Though few companies and entrepreneurs are investing in fresh capacity, still most of them are busy peddling assets in order to write off unwarranted debt on their company’s financial records.

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