India at 2nd spot for Global Business Optimism!
Q. India has risen to 2nd spot on which index?- Published on 07 Nov 16a. Global Business Optimism Index
b. Grant Thornton International Business Report
c. Both a and b are same
d. Neither of the above
ANSWER: Both a and b are same
India has risen to second spot on the global business optimism index.
- According to the latest Grant Thornton International Business Report, India has ranked second on the optimism index and the first spot was taken by Indonesia.
- Philippines came in third.
- High business optimism was also complimented by the rise of employment expectations.
- India has regained top position on this parameter while profitability expectations have also moved up.
- India continues to be among the top five countries in this index.
- But in revenue expectations, India has slipped to third position from the top in the previous quarter.
- India is much ahead of China where only 30 percent respondents expect an increase in revenue while 85 percent of the respondents have voted in favour of increasing revenue in India.
- Political events such as Presidential elections in the US and Brexit have damaged global economy, according to the index.
