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85% Indian companies optimistic on economic recovery

Staff Writer |
Corporate India is among the fourth most optimistic globally as 85 per cent of the businesses are hopeful of economic recovery, compared to 48 per cent in China.

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The Grant Thornton International Business Report says that in the first quarter of 2017, 85 per cent respondents were optimistic about economic recovery.

India is ranked fourth on the global optimism index during the January-March quarter of 2017, and is behind economies like Indonesia, Philippines and Malta.

Moreover, Indian businesses are optimistic about most facets like employment with 56 per cent respondents expecting a rise and profitability expectations where 55 per cent are optimistic of an increase.

However, the country is significantly ahead of China where 48 per cent respondents are optimistic about economic growth.

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