Is India thinking ‘right’? 74% of the country thinks its economic state is good!

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Is India thinking ‘right’? 74% of the country thinks its economic state is good!
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About 74% of Indians feel that the country's economic condition is better than what it was a year ago, a new study has said.

According to a report by Pew Research that released on Thursday, nearly three-fourth of Indians said that the country's economic state is good, a 10% jump from a year ago.

"In emerging markets, half or more in 14 of 21 countries see their economy as negative. The gloomiest are Ukrainians (94%), Lebanese (89%) and Brazilians (87%)," PTI reported, quoting the survey.

The report further said: "At the same time, 90% of Chinese, 86% of Vietnamese and 74% of Indians think economic conditions are good in the year 2015."

According to Pew, about 64% of Indians thought that the economy was doing well in 2014.
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According to the survey, a median of just 40% in advanced economies say conditions are good, as do 45% in emerging economies and 46% in developing nations.

The study concluded that the overall sentiment is largely unchanged from economic sentiment in comparable countries in 2014.

Pew said there is sign of growing public faith in an economic recovery in some of the largest economies.

Roughly four-in-ten Americans (40%), Europeans (38%) and Japanese (37%) say economic conditions are good in their countries.

Such sentiment is up 30 percentage points in Japan from the low point in 2012; up 23 points from the low in the US in 2009; and up 23 points from the low in 2013 for the median of five European Union nations.
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"European and Japanese views, while far from positive, have now returned to or exceed pre-financial-crisis levels. But American attitudes, while rebounding, are still more negative than they were in 2007. This modest recovery in public economic sentiment parallels a gradual pickup in economic growth in many of these economies," it said.

(Image: Indiatimes)