Economic confidence index decreased 3 points to 65% in January.

By bne IntelliNews February 24, 2012
India's economic confidence index decreased 3 points to 65% in January this year. As reported by Asia Pulse, the global economic uncertainties coupled with a high fiscal deficit attributed to the decline in the economic confidence during the period pushing the country to the fourth position globally from the fifth. The overall global average economic confidence, however, increased by 1 point to 39% during the period. The declining economic growth owing to a tight monetary policy coupled with a declining domestic and foreign investment and a depreciating domestic currency with large trade and current accounts deficits clearly indicate the present performance of the country. The Eurozone crisis, moreover, had an adverse impact on the country.
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