India execs most optimistic on growth: McKinsey

Indians executives are the most optimistic in the world in terms of expectations for economic growth, their industries as well as improvement in inflation levels in their countries, according to a new study by international management consulting firm Mckinsey.

Except North America, a majority of executives across the world expect economic conditions to improve in the next six months with Indians coming on the top with as much as 81% expressing a positive outlook, McKinsey said.

The McKinsey study found that nearly two-third of the executives worldwide saw oil and gas costs as the biggest driver of inflation.

Indian executives were the most optimistic about a decline in inflation over the next six months, while a majority of executives from neighbouring China expected inflation to rise further from its current level.