India has slipped in ‘business optimism’ index to the 7th position in the September quarter, from the 2nd slot in the previous three months, showing clear signs of lag in the economy, as per Grant Thornton’s International Business Report (IBR).
Indonesia is at the top, followed by Finland (2nd), the Netherlands (3rd), Philippines (4th), and Austria (5th). According to the quarterly global survey on business optimism, Indian businesses have expressed low confidence over revenue expectations in the next 12 months.
Current/Static Takeaway Points Important for IBPS PO Mains 2017 Exam-
- Grant Thornton’s International Business Report- Indonesia Tops- India 7th.
Source- The Economic Times