LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Economy  :  India tumbles to 7th spot in Grant Thornton business optimism ranking

India tumbles to 7th spot in Grant Thornton business optimism ranking (09-Nov-2017)

Grant Thornton in its latest International Business Report (IBR), a quarterly global business survey, has said that India slipped to the 7th position in the September quarter from the 2nd spot in the previous three months in its 'business optimism index', showing clear signs of lag in the economy. According to the survey report, Indonesia is at the top, followed by Finland (2nd), the Netherlands (3rd), Philippines (4th), Austria (5th) and Nigeria (6th).

According to the report, Indian businesses have expressed low confidence over revenue expectations in the next 12 months. They also saw a drastic fall in confidence for profitability with 54 percent showing optimism as against 69 percent in the last quarter. Other parameters like expectations of increase in selling prices and exports have also suffered a slight fall in optimism in the quarter. However, Indian businesses remained optimistic about increase in employment as 54 percent respondents expressed the need to increase hiring in the next 12 months, a three- point rise from June quarter. Other areas where the optimism remained intact were investment in plant and machinery and Research & Development (R&D).

The report further stated that India tops the chart in citing regulations and red tape and lack of ICT infrastructure as the biggest growth constraints with 69 percent and 46 percent voting for it respectively. Indian businesses also identified shortage of finance and lack of skilled workforce as pain points of India Inc taking the 2nd and the 3rd spot respectively. But, the Government actions and reforms coupled with the significant jump in 'Ease of Doing Business Rankings' should bring back optimism in Indian Business in the next few quarters.


Top News Today
Tata Power's arm launches Club Enerji in Ajmer
(20-Feb-2018)

Tata PowerTata Power's arm -- Tata Power Ajmer Distribution (TPADL) -- has launched Club Enerji in Ajmer its first Energy Club at Rajkiya Balika Sr. Secondary School at Ramnagar, Ajmer.Club Energy is working towards......click on news to read complete article.

Atlas Cycles launches India's first Titanium Bicycle
(20-Feb-2018)

Atlas Cycles launches IndiaAtlas Cycles (Haryana) has launched India's first Titanium Bicycle. The bike was launched at Auto Expo 2018 and was the center of attraction among the visitors and media. This premium bike for professional......click on news to read complete article.

NIIT Technologies, Arago to accelerate Artificial Intelligence adoption in GICs
(20-Feb-2018)

NIIT Technologies, Arago to accelerate Artificial Intelligence adoption in GICsNIIT Technologies is planning to deepen its partnership with Arago to optimize the IT operations of Global In-House Centers (GICs) using Artificial Intelligence (AI) to deliver greater agility, high quality......click on news to read complete article.

International Stock News
Asian markets trade mostly lower in early deals on Tuesday
(20-Feb-2018)

Asian markets trade mostly lower in early deals on TuesdayMost of the Asian equity benchmarks are trading lower in the early deals on Tuesday after a US holiday and attention turned to the US Federal Reserve. Meanwhile, Japanese Nikkei share average dropped,......click on news to read complete article.

Asian markets trade mostly lower in early deals on Tuesday
(20-Feb-2018)

Asian markets trade mostly lower in early deals on TuesdayMost of the Asian equity benchmarks are trading lower in the early deals on Tuesday after a US holiday and attention turned to the US Federal Reserve. Meanwhile, Japanese Nikkei share average dropped,......click on news to read complete article.

Asian markets trade mostly lower in early deals on Tuesday
(20-Feb-2018)

Asian markets trade mostly lower in early deals on TuesdayMost of the Asian equity benchmarks are trading lower in the early deals on Tuesday after a US holiday and attention turned to the US Federal Reserve. Meanwhile, Japanese Nikkei share average dropped,......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.