India Moves Up To Second Spot On Global Business Optimism Index
According to the most recent Grant Thornton International Business Report, India improved its ranking by one spot in a global index of business optimism, ranking second during the third quarter (July-September 2016). Through the April-June period, India was placed third on the list.
This rise in rankings was complemented by the rise of employment and profitability expectations. Grant Thornton India LLP Partner, India Leadership Team, Harish H V said:
The improvement in the optimism ranking in the recent past clearly reflects that the reform agenda of the government and its efforts on improving the climate for doing business are having an impact...all the programs and initiatives of the government as well as its focus on building relationships with all major economic powers has made India a bright spot in the global economy.
In terms of revenue expectations, however, India slipped to third place. But it is still ahead of China, where only 30 per cent respondents expect an increase in revenue compared to India’s 85 per cent.
The report is prepared on the basis of a quarterly conducted global business survey of 2,500 businesses across 36 economies.