India second on global business optimism Index in September quarter

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 the Indian 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 of employment aspect with only 52% Indian businesses hoping for the same compared to 62% last quarter and 75% in Q1 2015.
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