Global Business Optimism Index- Prepared based on a quarterly conducted global business survey of 2,500 businesses in 36 economies.
- In second quarter (April-June 2016) India was ranked third in terms of revenue expectations after being on top for 2 consecutive quarters.
Key Aspects
- Indonesia took top place and Philippines came third.
- Adaptation of Goods and Services tax (GST) contributed to improvement of rank.
- Highlights reform agenda of the government and its efforts in improving the climate for doing business.
- 68% of respondents voted for an increase in selling prices
- China lags India with only 10% of respondents expecting an increase in selling prices - global average is 19% .
- Universally, business optimism stands at net 33% , rising 1% point from the previous quarter but has fallen by 11% points over the year.
- In the report:
✍Examrace Team at Nov 7, 2016