India Inc 'most optimistic' of them all

BIG LEAP: An international survey says Indian firms are the world's most optimistic.

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London: An annual international survey has concluded for a fourth successive year that Indian firms are the world's most optimistic when it comes to rating national economic prospects.

This year's survey by international accounting organisation Grant Thornton International showed almost all Indian businesses surveyed expected a good 2007, with an optimism balance of +97.

That put the subcontinental giant at the top of the league in the 32 country survey.

Economic growth, fuelled by progressive liberalisation of external trade and investment regulations is helping boost economic growth in India and produce a boom in foreign direct investment, the survey said.

"They (Indian businesses) retain the position held over the past three years as the most positive regarding their country's economic prospects," the International Business Report said.

The survey, conducted by Experian Business Strategies and Harris Interactive, queried 7,200 private businesses in the 32 countries.

In a special report highlighting business conditions in the BRIC countries -- Brazil, Russia, India and Mainland China -- the survey showed private businesses in all four countries grew more upbeat in their 12-month economic outlook.

At the same time the survey showed that businesses in three out of the four BRIC countries perceived finance as a major constraint on their ability to grow.