Business Optimism Index 2018: India Down to 6th position in First Quarter of 2018

Business Optimism Index 2018: India Down to 6th position in First Quarter of 2018- Details, Reason, About

India was ranked at 6th position in the first quarter of 2018 on the Business Optimism Index released as part of Grant Thornton’s International Business Report (IBR).

According to the IBR report, the top 5 nations are Austria (1st Rank), Finland (2nd Rank), Indonesia (3rd Rank), the Netherlands (4th Rank) and the United States (5th Rank).

India slipped to the 6th position globally in the business optimism index for the first quarter of this year due to the ‘weakest’ business sentiment in four years (2014).

Indian businesses have shown interest in investing in new buildings in recent years they haven't given much impetus to investment in plant and machinery.

India’s business sentiments deteriorated with a weakening currency and a surge in oil prices.

The IBR report was prepared based on the results of a survey of 2500 businesses in 37 economies. The report’s parameters that involve's are revenue, selling prices, profitability, employment, and exports expectations.

Business optimism is however at an "all-time high" globally with the index at net 61% the highest figure recorded in 15 years of research, as per Grant Thornton's quarterly global business survey.

About Grant Thornton

Grant Thornton is the world's fifth largest professional services network of independent accounting and consulting member firms which provide assurance, tax and advisory services to privately held businesses, public interest entities, and public sector entities.

Grant Thornton was established in 1980. It is headquartered in London, United Kingdom.