PM taking charge of finmin has boosted biz confidence: Survey

Written by Press Trust of India | New Delhi | Updated: Jun 30 2012, 08:01am hrs
The business confidence is turning for better within days of Prime Minister Manmohan Singh assuming charge of the finance ministry, an Assocham CEOs survey has said. In a quick survey of 150 chief executive officers (CEOs), there was a sense of renewed energy infusion in the economy among the industry and investors.

"Over 80% of the CEOs polled felt that the Prime Minister, with the finance ministry under his charge, will now act without further loss of time, as he realises that the economy cannot afford any more indecisiveness," it said.

Business environment in the country was damaged because of global conditions and perception of slow domestic policy actions.