India has been ranked as the third best country to tide over the global economic crisis by a worldwide survey among business persons to understand the business morale and impact of the economic downturn. According to the Servcorp International Business Confidence Survey, India has been ranked as the third most promising country to survive the economic crisis.
The survey, which was conducted in April 2009 over a period of two weeks, was commissioned to understand the current mood, business morale and impact that the economic downturn has had on businesses around the world. Australia has been voted as the best place to be during these recessionary times by International business people, followed by China.
The third position is held jointly by India and Singapore while Hong Kong and Canada are in the fifth and sixth place, respectively. Interestingly, developing nations have emerged favourites among international businessmen as places, which are the best placed to tide over the recession. Twenty one of the thirty six countries listed by the ServCorp International Business Confidence Survey are emerging market companies.