Indian investors most optimistic in Asia: ING

Indian investors most optimistic in Asia: ING
PTI
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First Published: Thu, Apr 16 2009. 04 03 PM IST
Updated: Thu, Apr 16 2009. 04 03 PM IST
New Delhi: Indian investors have emerged as the most optimistic lot in Asia and along with their Chinese counterparts have driven an increase in the region’s overall investor sentiment in the first quarter of this year, a latest survey says.
The quarterly Investor Dashboard Sentiment survey by global financial services group ING shows a significant increase of 75% in investor sentiment in India in the first three months of 2009 as compared to the fourth quarter last year.
“Despite a slowdown in global economies and volatility in international financial markets, the ING Investor Dashboard Sentiment Index for India reflects the highest level of investor optimism across Asia,” the survey stated.
The India investor index has jumped 75% to 133 in Q1 this year from 76 in fourth quarter of 2008.
The survey indicated that Indian investors were confident about the economy, backed by assurances from the business community and the government.
“Compared with its neighbours in Asia, India’s growth of recent years has been driven predominantly by domestic consumption as well as domestic investment. This pattern and growth insulates economy from set backs felt in both global & regional economies,” ING Investment Management India acting CEO Navin Suri said.
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First Published: Thu, Apr 16 2009. 04 03 PM IST