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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« General »
 Income Tax Return filing season is here – Check top tricks to save money
 What is Income Tax Clearance Certificate? For whom is it a must?
 Don’t forget to mention these small things while filing income tax returns
 Wondering about your eligibility to file Income Tax Return?Read on
 Income Tax Return filing: How to link Aadhaar number with PAN card?
 India notifies rules for income tax computation for foreign firms
 How to save income tax by rejigging your salary
 How to fill tax exempt income and bank details section in ITR1
 Interest income from an NRO account is fully taxable in India
 Income tax payers filing appeals before ITAT will have to provide information relating to the amount locked up in dispute
 GST, infrastructure status drive PE investments in warehousing

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 2018 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