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India among best places to tide over economic crisis: survey

India among best places to tide over economic crisis: survey
PTI
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First Published: Thu, May 28 2009. 05 17 PM IST
Updated: Thu, May 28 2009. 05 17 PM IST
New Delhi: India has been ranked as third best country that will tide over the global economic crisis by a worldwide survey among business persons to understand the business morale and impact of the economic downturn.
According to the Servcorp International Business Confidence Survey India has been ranked as the third most promising country to survive the economic crisis.
The survey which was conducted in April 2009 over a period of two weeks, was commissioned to understand the current mood, business morale and impact the economic downturn has had on businesses around the world.
Australia has been voted as the best place to be during this recessionary times by international business people, followed by China.
The third position is held jointly by India and Singapore while Hong Kong and Canada are in the fifth and sixth place respectively.
Interestingly, developing nations have emerged favourites among international businessmen as places which are best placed to tide over the recession as 21 of the 36 countries listed by the Servcorp International Business Confidence Survey are emerging market economies.
As part of the survey, Servcorp asked 7,500 international business people from over 24 nations to identify which nations they believe are surviving the crisis best.
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First Published: Thu, May 28 2009. 05 17 PM IST