According to the Grant Thornton International Business Report (IBR), Indian business leaders have emerged as the most optimistic lot globally about economic recovery in 2016. The report has been made on the basis of quarterly global survey of 2,580 business leaders across 36 economies.
- 89% of the respondents in India expressed confidence in the stable government and expect economic recovery.
- India is followed by Ireland (88%) and Philippines (84%).
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.
- Reason behind optimism in Indians regarding economic recovery – A buzzing start-up space, easing foreign capital policy and significant legislative reforms, which are presently in the pipeline, are considered as the all positive indicators in lieu of economic recovery.
What report have a say about globe:
Globally, business optimism heading into 2016 stood at net 36%. The geopolitical tensions and the structural stress building up in the developed and emerging economies would continue to present both opportunities and inherent threats.
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