The magic of Modinomics may actually be real.
Less than two months after Narendra Modi took office as prime minister, Indian executives are feeling rather optimistic. The number of Indian business leaders who expected the global economy to improve jumped 20 percentage points in Q2, according to the LinkedIn Economic Confidence Outlook.
An overwhelming 90% of business leaders also reckoned that the subcontinent’s economy would also perform better, and there is an uptick in hiring sentiment.
The survey, which polled 13,000 senior business leaders, was conducted in June, shortly after the elections, but much before the mostly lackluster budget presented by the Modi government earlier this month.
The wave of optimism is undeniable but how long it will last, though, is entirely another question.
Here’s a closer look: