India Inc not too optimistic about economic recovery: #Assocham survey

Indian companies are not too optimistic about economic recovery in the country going forward due to negativeinvestment climate, weakness in exports and pressure on commodity prices, according to Assocham’s Bizcon Survey.

Further, the study suggests that the jobsmarket is unlikely to see any major improvement in the coming months too, owing to overall weak business sentiments.

Against 82.6% of the respondents in the Bizcon Survey stating in March 2015 that the prospects should improve in the coming months, the ratio of such firms has come down to 54.8% in the latest June edition of the study, which maps the state of economy at different levels.