Author: Aaron Chaze

CONFIDENCE RISING

By Aaron Chaze

Economic policy reforms are having the desired effect: The confidence level of Indian businesses is on an upswing.

A survey by research firm Dun & Bradstreet shows that Indian companies now expect greater momentum for sales and net income growth.

Nonetheless, the IMF has lowered its 2012 GDP growth forecast to 4.9% from an earlier 6.1%.