Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: due date for vat payment :: ACCOUNTING STANDARDS :: VAT RATES :: Central Excise rule to resale the machines to a new company :: empanelment :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: form 3cd :: cpt
« General »
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers
 Interest on NRE rupee account can be exempt from tax under FEMA
 Impact of GST on Real Estate Sector
 GST regime: Tax payers allowed to take option of third-party interfaces
 CAG lens on entities avoiding tax with ‘farm income’ claim

Survey: Economic optimism rose significantly among Indians in 2010
November, 20th 2010

After being hit by the global recession , economic optimism rose significantly among Indians in 2010, so did their perception about their own standard of living, the latest Gallup poll said.

Between 2007 and 2009, the percentage of Indians who believed their local economic conditions were getting better dropped from 52 per cent to 37 per cent, but rebounded to 45 per cent in 2010.

The Gallup said Indians' perceptions about their own standard of living follow a similar pattern.

This year, 44 per cent of Indians surveyed by Gallup said their standard of living is improving, up from 32 per cent last year.

This year's figure is identical to the findings of July 2008, before the severity of the global downturn was fully apparent, it said.

This rising optimism comes in tandem with the country regaining its high growth trajectory after the GDP increase rate saw a downturn in the recessionary years.

After dipping below six per cent in 2008/2009, India's real GDP growth exceeded seven per cent in 2009/2010 and is expected to approach nine per cent this year.

India's prosperity, however, is spread unevenly. Large income disparities exist between urban and rural areas and across regions, Gallup said, adding that regional results indicate the recession's effects were more severe for some Indians than others.

South and West regions, where industrial activity and the IT sector are concentrated, include major economic hubs of Bangalore and Mumbai. In these regions, 52 per cent say their standard of living is improving as against 39 per cent in the less developed North, Central, and East regions.

"Though optimism has rebounded in urban and rural areas, the recession in 2009 affected India's poorer regions more dramatically," it said.

Most of Gallup's indicators of economic optimism in India turned upward in 2010, with one significant exception -- the proportion of Indians who say it is a good time to find a job in their city or area remained flat at about one-third.

"Employment rates tend to lag behind other indicators of economic improvement, as economists have noted in reference to high ongoing jobless rates in the United States and other countries, because employers hesitate to resume hiring until they are convinced of a robust recovery," it said.

A majority of Indians surveyed in the southern and western states (54 per cent) say now is a good time to find a job, a figure that had hardly moved over the last two years.

By contrast, 16 per cent of Indians in the northern, eastern, and central states say it is a good time to find a job, down from 35 per cent in 2008.

Gallup said its results are based on face-to-face interviews with 6,000 Indian adults, aged 15 and older, conducted in June 2010.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions