A quarterly global survey of 2,580 business leaders called The Grant Thornton International Business Report (IBR) reveals that India ranked second after Ireland in terms of the business optimism.
India Inc originated as the second most optimistic in the business optimism globally in a survey showing that 86 per cent of Indian respondents are bullish about an increase in revenue of their companies.
The survey also mention that 86 percent Indian Business are optimistic about increase in revenue compared to 83 per cent last quarter. Indian businesses are positive about profitability with 69 per cent respondents expecting a rise in the profits.
India is relatively insulated from the slowdown in china and sees a slight gain in confidence despite falling exports.
Indian business consistently optimistic in their business outlook over the past decade based on the underlying economy,the consistent high growth rate, entrepreneurial dynamism in being able to create new opportunities and businesses and the lower reliance on global trade based on significant domestic demand
The pessimism on employment, which is a key factor and need for the country given the demographic dividend which could turn into a demographic nightmare without adequate employment generation.
The survey informed that ICT (Information Communication Technology) infrastructure is the biggest concern for Indian Businesses followed by lack of skilled workers and red tape. And there is not any major improvement in the expectations of an increase in R&D activities and exports in the country from the last quarter.