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Despite a marginal slowdown in growth, India still ranks second after Norway in consumer confidence and their attitude towards recession, says a survey by a global information and media consultancy. “One market’s trash is another’s treasure, Norway and India still ride the wave of economic slowdown,” says the Nielsen Global Online Consumer Survey conducted among 28,153 Internet users in 51 markets in Europe, Asia Pacific, the Americas and the Middle East. “Aside from consistently high consumer confidence, the two most optimistic nations in the world, Norway and India, share something in common: Their economies are benefiting from the by-products of economic slowdown.” The survey says India will see its employment rate rise in inverse proportion to rich nations, thanks to the country’s enthusiastic adoption of work-force optimisation practices and the outsourcing bug. “India has established itself as a hub for outsourcing technical and support staff, as belts in the world’s leading economies tighten. We may well see India’s economy, and the confidence of its consumers, soar.” The Nielson survey says 94 percent of Norwegians and 86 percent of Indians were optimistic about their job prospects over the next year, while a staggering 93 percent Portuguese and 89 percent Japanese felt their job prospects were either not so good or downright bad. The survey says consumers in three of the world’s most developed economies - the US, Japan and New Zealand, have taken a serious turn in the last few months.
By: Johnp
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