The reasons were decreases in respondents' confidence in the economy and in employment conditions. Sentiments related to inflation fell sharply in August. Despite the expected increase in household income, the consumer spending index recorded a marginal decline. "The urban consumer in India is clearly telegraphing significant concern about the future of the Indian economy," said Sam Thomas, Boston Analytics' director of research and development.
The report on Mutual Funds Investments released by Research and analytics firm, Boston Analytics, suggests investors are holding back from putting their money in mutual funds because of their perceived high risk and a lack of information on how mutual funds work.
The Boston Analytics Consumer Sentiment Index for August fell below the benchmark value of 100 since its inception, signalling a low-key festive season ahead.
Inflation may be flirting with double-digit figures, but Indians living in metros seem to be an optimistic lot with most of them expecting the employment scenario as well as the economic conditions to improve in the near term.
Single Indians are more optimistic about India's future economic condition than married Indians, points out the Boston Analytics Consumer Sentiment Index data for the month of November, 2008.
Private equity investments, which ballooned to nearly $25 billion over the past four years are likely to continue strongly through 2010, driven by robust economic growth and attractive market valuations, a latest report says.According to a study by global consulting firm Boston Analytics, around 903 private equity investments worth $24.8 billion in value were made in India from 2004-2007, with more than 45 of those deals exceeding $100 million.
Export-oriented sectors such as gems, jewellery, textiles and leather have seen large scale layoffs triggered by the global economic downturn. Sectors like information technology, construction, aviation, financial services and real estate that contributed to India's nine per cent GDP growth also witnessed significant retrenchment, the survey said.
The average stipend on campus zoomed 25 per cent as compared to last year. Accenture Business Consulting and Boston Analytics offered the highest domestic stipend at Summer Placements 2008 - Rs 50,000 per month.
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