Indian investors continue to be optimistic amidst global slowdown

By siliconindia   |   Saturday, 18 October 2008, 01:48 IST
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Bangalore: Global economic slowdown has not seriously dented optimism of the investors looking to pump in money to India. The ING Investor Dashboard Sentiment Index for India still continues to reflect the highest level of investor optimism across Asia, with India continuing to be the most optimistic market there. Global financial services group ING released data for India from the quarterly ING Investor Dashboard Survey, which shows a marginal decline in investor sentiment for Q3 2008. Though local investors have been affected by external developments, India's fundamentally strong domestic economy has helped to minimize the impact on their investments, survey says. Vineet K. Vohra, Managing Director & CEO, ING Investment Management India said, "Although the ING Investor Sentiment Index reveals that the subprime crisis and recent credit crunch have made investors more cautious, the core sentiment of Indian investors remains optimistic in the country compared to other economies." India's investor sentiment falls to 156 for Q3 2008 from 168 for the same quarter last year (Q3 2007) as investors become more balanced and less aggressive in their investment approach. India continues to be the most optimistic market in Asia. The overall pan-Asia ING Investor Dashboard Sentiment Index falls 39 percent to 86 for Q3 2008 from 141 for Q3 2007, and registers a quarter-on-quarter fall of 21 percent for Q3 2008 from 109 for Q2 2008, as investors in Asia take stock of the global markets and economic developments. The ING Investor Dashboard is the first quarterly survey in the Asia Pacific region that provides a pan-Asia (ex-Japan) investor sentiment index. The survey is conducted quarterly across 13 markets in Asia Pacific, and not only provides market insights on investor attitude and outlook but also allows each market to be benchmarked and tracked against the overall investor sentiment across Asia using the pan-Asia index.