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'Indian investors most optimistic'
By siliconindia
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New Delhi: In spite of market volatilities, rising oil prices and soaring inflation, Indian investors have been the most optimistic towards the economy in Asia. As per a survey by Dutch financial services major ING, 76 percent of Indian investors believe the economy would improve in the third quarter while 71 percent feel that the economy had improved in the second quarter.
India's investor sentiment slipped three percent to 163 for the second quarter from the first quarter of 2008. In Asia Pacific region, India is followed by Hong Kong (123) and China (117) at the 2nd and 3rd places, respectively.
Overall investor sentiment in Asia falls 13 percent for Q2 from Q1 in 2008 as global economic slowdown continues and regional political developments weigh on investors. Indian and other Asian investors seem to be "fairly optimistic" that markets would turn around in third quarter.
Talking about the India's outlook, Vineet K Vohra, MD and CEO, ING Investment Management India, said, "One thing going for India is that absolute growth rate of 7-8 percent, still a great number compared to the global average of about 4 percent. We may be slowing down slightly but the economy is still expected to remain healthy."
