India second on global business optimism Index in September quarter
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India has been ranked second on global business optimism Index in the July-September quarter, according to a Grant Thornton 's International Business Report.
Notably, the same report had put India at fourth position between April-June this year.
The surge is being seen on account of various reasons as enlisted by Harish HV, partner, India leadership team, Grant Thornton India - "underlying strength of theIndian economy , the consistent high growth rate , the entrepreneurial dynamism in being able to create new opportunities and businesses and the lower reliance on global trade based on significant domestic demand."
Additionally, 86% Indian businesses are optimistic about an increase in revenue compared to 83% last quarter, shows the survey.
They are also positive about profitability, however, there is a continuous fall in optimism on the rise ofemployment aspect with only 52% Indian businesses hoping for the same compared to 62% last quarter and 75% in Q1 2015.
(Image credit: BCCL)
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Notably, the same report had put India at fourth position between April-June this year.
The surge is being seen on account of various reasons as enlisted by Harish HV, partner, India leadership team, Grant Thornton India - "underlying strength of the
Additionally, 86% Indian businesses are optimistic about an increase in revenue compared to 83% last quarter, shows the survey.
They are also positive about profitability, however, there is a continuous fall in optimism on the rise of
(Image credit: BCCL)
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