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'Indian executives feel least vulnerable amid slowdown'
Industry executives in India feel least threatened by the economic slowdown or by prospects of an extended recession than their global counterparts. In fact, they are the most optimistic about a global rebound in economic fortunes, according to McKinsey’s Global Executive Survey completed in April this year.
Over 36 per cent of the 1,630 executives surveyed in India in March this year expected an upturn in the global economy to happen by the end of 2009, as against 34 per cent of North American business executives and 32 per cent of Chinese. Asia-Pacific and Europe recorded 28 per cent and 24 per cent on the hope meter. However, about 62 per cent of Indians surveyed expected the world economy to rebound only by 2010 or later.
