India tops 17-nation list on best sustainable behaviour in a survey

According to the National Geographic Society survey, Indian consumers are the most conscious about their environment footprint and more guilty about their impact despite having the best sustainable behaviour

Washington: India topped a list of 17-nation on best sustainable behaviour, with consumers in the US last on the list, reports PTI quoting a new survey.

 

The global analysis by the National Geographic Society found that Indian consumers were the most conscious about their environment footprint and were more guilty about their impact despite having the best sustainable behaviour.

 

Ironically, people in developing countries like India, China and Brazil -- in that order -- were making the most sustainable choices, while consumers in the rich nations had the least sustainable lifestyles.

 

India accounted for a Greendex score of 58.9, followed by China at 57.8 and Brazil at 55.5, while the US was ranked the lowest at a score of 44.7.

 

People in India and other developing countries were also found to be the most "guilty about the impact" they have on the environment.

 

"Yet 45% of Indian and 42% of Chinese consumers feel guilty about the impact they have on the environment first and second among those surveyed and two times higher than Americans," it said.

 

"In what may be a major disconnect between perception and behaviour, the study also shows that consumers who feel the guiltiest about their impact those in China, India and Brazil actually lead the pack in sustainable consumer choices. That's despite Chinese and Indian consumers also being among the least confident that individual action can help the environment," it said.

 

In contrast only 21% of US consumers are guilty about the impact they have on the environment.

 

"The data suggest a significant divide between how emerging markets and developed nations experience environmental challenges," said Terry Garcia, Executive Vice President for Mission Programs at the National Geographic Society.

 

She said concern about air and water pollution is highest among Chinese, Mexican, Brazilian and Argentinean consumers as well as in Russia and India.

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Singapore Exchange to trade Nifty Options from 16th July

The Nifty Options would add to SGX's suite of Asian equity derivatives, which include SGX S&P CNX Nifty futures, the dominant Indian product for international participants

Singapore: The Singapore Exchange (SGX) on Friday said it will offer Nifty Options contracts from 16th July under its latest product partnership with the National Stock Exchange (NSE) to enable investors to participate in India's economic growth, reports PTI.

It would enhance offshore investors' access to the Indian economy, said SGX, which accounts for about 25% of Nifty futures trading globally.

"Investors coming to SGX will find in the Nifty Options, together with the Nifty futures and Indian exchange traded funds (ETFs), a convenient and easy way to invest in the Indian economy and manage their risks," said Michael Syn, head of derivatives at SGX.

The Nifty Options would add to SGX's suite of Asian equity derivatives, which include SGX S&P CNX Nifty futures, the dominant Indian product for international participants, it added.

SGX said the SGX Nifty futures traded 7.4 million contracts, averaging daily volume of 59,358 contracts, in the first six months of this year. Open interest stood at 2,40,317 contracts as at end June 2012.

Market-makers that have signed up to provide liquidity from the start of trading of the Nifty Options include BNP Paribas, Optiver Australia, Susquehanna International Group, and Timber Hill.

"The introduction of Nifty Options on SGX increases the trading opportunities for market participants and is a positive development for the options community. We are confident that Optiver Australia will be a key contributor towards the growth of Nifty Options on SGX," Daniel Weinberg, Head of Business Development, Asia Pacific, Optiver Australia said.

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