India ranks second worldwide on trade and confidence level in the post-recession period, according to a recent survey.
The survey conducted by the Hongkong Shanghai Banking Corporation (HSBC) states that India ranks second with 133 points next to United Arab Emirates which has 134 points on the global trade confidence level index.
While Vietnam and Brazil were third and fourth
respectively with 132 and 129 points, France had to settle for bottom position in the index with 95 points with a very low confidence level, HSBC India Trade and Supply Chain Head Bhriguraj Singh said.
Though badly affected by the recession, the Asia Pacific region, Latin America, Canada and Europe were in positive territory after the crisis, the survey showed.
A total of 5,120 small and medium exporters globally were respondents for the findings and were asked for their outlook for the next six months, Singh said.
Compared to developed markets, emerging economies topped the index with 122 points against 106 points for its counterpart sector.
The survey also finds that confidence level among Indian exporters were high. Even while reeling under the impact of global financial crisis, trade confidence in India grew to 133 points from 117 in the second half of 2009.