Investor sentiment in India has returned to the pre financial crisis level, driven by robust domestic consumption and pick-up in exports, and more market activity is in store this year, said a survey.
According to the survey 'ING Investor Dashboard Survey', the India index, which provides market insights into investor attitude and outlook, has jumped a whopping 122 per cent to 169 for the fourth quarter of 2009 from 76 in the same period of 2008.
The index also allows each market to be benchmarked and tracked against the overall investor sentiment across Asia.
Besides, Indian investors have begun the year 2010 with optimism that is highest in Asia, the survey by global financial services group ING said.
"The findings ....Point to the confidence investors have in the sustainability of India's GDP growth rate which eventually translates into increase in corporate earnings," ING Investment Management India MD and CEO Navin Suri said.
The overall pan-Asia (excluding-Japan) investor sentiment index also showed a significant 101 per cent jump in investor sentiment for 2009, with overall confidence recovering to pre-global financial crisis level.
A quarter-on-quarter comparison shows that there is a modest increase in investor confidence both in case of India as well as Asia pacific, reflecting that there is confidence in the stability of the global recovery.
The bullish recovery in investor sentiments was driven by recovery in regional economies and exports, leading to growth in export-driven markets like Hong Kong, Singapore and Taiwan, which rose over 100 per cent from a year ago.
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