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Our Bureau

New Delhi , June 30

THE mood of the CEOs in western India on the economy is buoyant, finds a snap poll conducted on varied subjects by the Confederation of Indian Industry (CII).

Sixty-two per cent of CEOs felt that good times in the stock market would continue over the medium term, and there were no visible signs of any bubble being created. The majority of them also felt that this reflected the health of the economy.

Echoing the same confidence on the growth prospects, 71 per cent of the CEOs felt that agriculture growth would be more than three per cent. On corporate governance, 62 per cent of the CEOs felt that India Inc would be ready to adhere to Clause 49 requirements by December 31. The SEBI Chairman earlier had extended the Clause 49 of the listing agreement deadline from April to December 31.

However, infrastructure was not part of the positive story, as 55 per cent of the CEOs felt that port congestion like last year maybe seen again this year at the Jawaharlal Nehru Port Trust.

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