Not all gloom and doom for Indian economy!

June 03, 2012 14:21

The Indian economy may be facing tough and challenging times, but it is not all gloom and doom as the situation is likely to improve in the next six months, a Bizcon Survey done by Assocham has said.

"Despite the Indian economy facing tough and challenging times, it is not all gloom and doom. The situation is expected to improve in the next four-six months," it said.

A majority of respondents covered by the Bizcon Survey said that the situation would change for better after a few months. The study said the first signal of improvement would be seen immediately after completion of the monsoon.

The Meteorological Department has predicted a normal monsoon which would significantly improve the prospects of agriculture.

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