Indian executives more optimistic about domestic economy: Linkedin

But their optimism about global economy down 10 percentage points

The level of optimism among Indian executives about the global economy may have gone down by 10 percentage points to 61 per cent, but the optimism towards the country’s economy even after the 100 days of the new government continues.

According to Linkedin’s, world’s largest professional networking platform, third quarter (Q3) Linkedin Economic Confidence Outlook survey India was on the top of the list with 87 per cent of the executives expressing optimism towards India’s economy.

“Executives in almost all of the major economies around the globe are feeling less optimistic about the global economy getting better than they did a quarter ago. This retreat in sentiment could signal a change in how these executives approach their business decisions in the near term,” said Sam Gagner of Linkedin, in his blog post.  However, this optimism does not translate into better hiring sentiment. India though leads the hiring optimism for the third quarter with 60 per cent executives saying they will hire, but this has come down from 64 per cent compared to last quarter.

Executive sentiment about the global economy’s future went from mixed in Q2 to almost universally declining in our Q3 LinkedIn Economic Confidence Outlook, said the Linkedin survey. The Q3 LinkedIn Economic Confidence Outlook survey was conducted across more than 13,000 senior business leaders on LinkedIn, including global optimism, optimism by country, and hiring expectations by country.

This quarter Linkedin added a new question on education. They specifically, asked executives whether they felt confident that their country’s educational system is preparing students for successful careers. India ranked third with 55 per cent of respondents saying that they had confidence in the country’s educational system.

Only Switzerland showed high confidence levels in the educational system with 73 per cent of respondents saying that they are confident in the country’s educational system, with the majority of other countries expressing low levels of confidence in their country’s educational system.

Based on the executives’ answers, countries like Switzerland, the Netherlands, India, Canada, Germany and Belgium seem to be doing the best job preparing students.