Gloom to Deepen: India Inc
India Inc expects the economic climate to turn worse before its gets better, with a deteriorating fiscal situation and a drop in foreign investments likely to define the country in the medium term, an ET Poll of CEOs to gauge business confidence has revealed. Along with dimming confidence in the government's ability to steer the country out of the economic morass it finds itself in, the poll of 50 bosses of some of India's most respected companies shows surprising patience, even sympathy, for the UPA, with more than half the respondents expecting it to retain power in the next general elections in 2014.