Corruption kills the confidence of Indian investors
By siliconindia   |   Tuesday, 15 February 2011, 23:07 IST   |    9 Comments
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Corruption kills the confidence of Indian investors
Bangalore: Corruption and the inflation are the major concern for Indian investors, according to a survey done by Value Note revealed. Arun Jethmalani, Managing Director Value Note said that the worries over inflation are still dominant but corruption has emerged as a major issue, and this kept the investors's confidence level low . This survey was conducted in eight cities, Mumbai, Delhi/NCR, Kolkata, Chennai, Ahmedabad, Bengaluru, Pune and Hyderabad. The survey says that corruption has come out as a new confidence killer with 19 percent retail investors, eight percent companies and 16 percent advisors stating that it was the most negative economic indicator in the current scenario. It became the major cause of concern over past four quarters. The Confidence Index in December 2010 quarter is 146.3 that is 0.9 points higher from September 2010 quarter. The retail ICI stands at the highest points at 159.5 wheras the advisor confidence index and the corporate confidence index comes after ICI at 147.2 and 132.2 respectively.

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