Most corporate leaders optimistic about economy: survey

Majority of corporate leaders remain bullish about Indian economy's growth prospects in the near term and the "post-election business euphoria" has not worn off, says a survey.
Indian executives have also emerged as the most optimistic about domestic economy compared to their peers in 14 other countries, including the UK and Germany, according to the survey by professional networking site LinkedIn.
In the July-September period, as much as 87 per cent of the Indian executives surveyed by LinkedIn exhibited confidence about the growth of the nation's economy compared to 90 per cent in the previous quarter (April-June).
The survey is conducted every quarter among 13,000 business leaders across 15 countries.

"The post-election business euphoria has yet to wear off among business executives working in India," LinkedIn said
"Based on their responses, they remain bullish on the near term economic outlook for India's economy. India is among the few countries bucking the negative trend shown in other countries," it added.

India was followed by UK (62 per cent), Netherlands (58 per cent), Spain (58 per cent) and Germany (25 per cent), among the nations that are expecting their respective domestic economies to get better.
The survey showed that confidence levels have dipped among most of the 15 countries in the July-September quarter.

Moreover, around 61 per cent of the business leaders in India expressed confidence in the global economy in the third quarter (July-September)as compared to 71 per cent in the second quarter (April- June) of 2014.
"Executive sentiment about the global economy's future went from mixed in Q2 to almost universally declining in our Q3," LinkedIn said.
Meanwhile, the survey also placed India among countries having the highest level of confidence (55 per cent) in their country's educational system.
India was ranked third on this parameter, behind Switzerland (first) and Netherlands (second).
In terms of hiring, 60 per cent Indian executives expect increase in recruitments, down from 64 per cent in the previous quarter.