India ranks first in business optimism, according to Grant Thornton International Business Report, a quarterly global survey of 2,580 business leaders across 36 nations. As per the survey, 89 per cent Indian respondents expect economic recovery, owing to a stable government, recent policy announcements and regulatory changes.
The survey was conducted in the October-December quarter of 2015 and participants were asked how optimistic they are for the economy in the next 12 months.
Vishesh C Chandiok, National Managing Partner, Grant Thornton India, said, “We have a refreshed political will, stretched but resolute businesses, a buzzing start-up space, easing foreign capital policy and some significant legislative reforms in the pipeline these are all positive indicators which could not have been imagined two years ago.”
He added, “The geopolitical tensions and the structural stress building up in the developed and emerging economies would continue to present both opportunities and inherent threats.”
Ed Nusbaum, CEO, Grant Thornton Global, said, “Those businesses with an instinct for growth will be best placed to spot these emerging pockets of opportunity, build new trade links, and make the most of the brighter outlook being reported for 2016.”