India’s Investment Confidence Index lowest since its inception in August 2009
Aug 2011: The 8th wave of the J.P. Morgan Asset Management – ValueNotes Investment Confidence Index (ICI) in India has weakened since the last quarter, and the score has touched its lowest since its inception in August 2009. Investment sentiment appears affected by prevailing macro-economic factors such as recessionary conditions across global markets, frequent hikes in interest rates and volatility in the domestic investment environment.
However, the survey results also reveal that the Indian financial fraternity maintains a positive outlook with 44% of investors and advisors expecting the benchmark index to trade between 20,000 and 22,000 by the end of this year.
Key findings include –
- The Investment Confidence Index (ICI) has weakened 8.5 points from the last quarter and the score has touched its lowest (123.8) since its inception in August 2009
- Mounting inflationary pressure along with poor governance and corruption have been voted as the biggest negatives for the Indian economy
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To read about the findings of the other waves of the Investment Confidence Index, follow the links below:
