India Rises To Second Spot On Business Optimism And It Augurs Well For Overall Business Environment

Backed by police reforms by Modi government and soon to be implemented Goods and Services tax (GST), India has improved its ranking by one spot in a global index of business optimism.

As per the latest Grant Thornton International Business Report, India stood at second place on the optimism index during the third quarter (July-September 2016).

Experts suggest improvement in the optimism ranking is accentuated by government’s efforts to improve the climate for doing business.

The ranking was topped by Indonesia and Philippines stood third. India was ranked third during the April-June period after being on top for two consecutive quarters.

The rise in employment expectations has also added to high business optimism. In April-June period, India stood second on this parameter. At the same time, profitability expectations also moved up. Read more….