With a month and a half to go before finance minister Arun Jaitley presents his much-awaited budget, which will signal the economic agenda of the Narendra Modi government, corporate India seems to be overwhelmingly optimistic about doing business—at least for the next three years.
Indian companies expect the Modi government’s political and economic reforms to have a much wider impact than other countries in the region, even outperforming China, according to a survey conducted by the Economist Corporate Network (pdf), which polled 704 senior executives across the Asia Pacific region.
Companies are also lining up large investments and 59% of the companies plan to increase their investment in India in 2015.
“But it remains a difficult market,” the report added. “And while India has a much larger population than Indonesia, and has higher growth rates, it remains a harder country to navigate successfully as a foreign investor.”
These four charts capture the sentiment.
