Friday, May 29, 2009

India third most promising country to overcome recession

The impact of the global economic downturn has begun to thrive and India's chances to successfully glide over the tide remain positive. The country has been ranked third by a study, among the most promising country to survive the economic crisis.

The rankings are based on the Servcorp International Business Confidence Survey, which was conducted to understand the business morale and impact of the economic downturn. Australia has been voted as the best place to be during these recessionary times by international business people, followed by China. The third position is held jointly by India and Singapore while Hong Kong and Canada are in the fifth and sixth place respectively. As per international businessmen the other most promising countries include Japan, Qatar, New Zealand, Malaysia, Sweden, Vietnam, Netherlands, U.S., Indonesia, South America, France, Belgium, England, Korea, South Africa, Austria, Taiwan, Czech Republic, Germany, Ireland, Lebanon, Russia, UAE, Brazil, Morocco, Philippines, Scotland, Sri Lanka, Syria and Thailand.

The survey pinpointed that developing nations have emerged favorites among international businessmen as places which are best placed to tide over the recession. The rankings enlisted 36 countries and 21 countries among the 36 are emerging economies.

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