Which countries do you think survived the economic Recession best?
Yes, India is one of the top 3 countries that survived this downturn very well.
Below are the full results from the Servcorp International Business Confidence Survey which was conducted in April 2009 over a period of two weeks.
Australia and China took 1st and 2nd place respectively, while India came in at 3rd along with Singapore.
Surprisingly, Except Canada none of of the western countries made it to top 10!
Most of the developing nations emerged favourites among international businessmen for their ability to withstand the recession. Out of 36 countries listed by Servcorp International, 21 countries are emerging market economies.
The countries perceived to be surviving the economic crisis the best, as voted by international businesspeople are:
|3rd equal||India, Singapore|
|7th equal||Japan, Qatar|
|10th equal||Malaysia, Sweden, Vietnam|
|13th equal||Netherlands, United States of America|
|18th equal||Belgium, England, Korea, South Africa|
|22nd equal||Austria, Taiwan|
|24th equal||Czech Republic, Germany, Ireland, Lebanon, Russia, United Arab Emirates|
|30th equal||Brazil, Morocco, Philippines, Scotland, Sri Lanka, Syria, Thailand|
The survey was commissioned to understand the current mood, business morale and impact the economic downturn has had on businesses around the world. As part of the survey, Servcorp asked 7,500 international businesspeople from more than 24 nations to identify which countries they believe are surviving the crisis the best.
Having not-so-open-economy may not be that bad afterall…uhh :)