December 2016 Current Affairs

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India rises to second spot on global business optimism index: IBR Report

India rises to second spot on global business optimism index: IBR Report
07 November 2016 Current Affairs: Grant Thornton released its International Business Report 2016. The report ranks India at the second position on the global business optimism index during the third quarter (July-September 2016).

During the April-June 2016 period, India was ranked at the third position after being on top for two consecutive quarters.

Indonesia took the top spot, with the Philippines coming in third.

Highlights for India : The report says, the improvement in the optimism ranking in the recent past clearly reflects that the reform agenda of the government and its efforts on improving the climate for doing business are having an impact.It says that the ranking rides on the recent policy reforms and Goods and Services tax (GST), which is expected to become reality soon.

The ranking was also complimented by the rise of employment expectations.India came into light in the global economy due to the programmes and initiatives along with its focus on building relationships with all major economic powers.

About 59 per cent of the respondents have voted in favour  ofthe growth prospects.

In terms of revenue expectations, India slipped to third position from top in the previous quarter. In context of revenue, about 85 percent respondents have voted in favour of increase in revenue.

The report says that there are still concerns around creating jobs for the millions of young people entering the workforce every year and the issue of corruption. 

International Business Report (IBR) was prepared on the basis of a quarterly conducted global business survey of 2500 businesses across 36 economies.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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