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Showing posts with the label optimism

India 2nd most optimistic in biz optimism, says report

India Inc  has emerged as the second most  optimistic  in terms of  business optimism  globally with a survey showing that 86 per cent of Indian respondents are bullish about an increase in revenue of their companies. According to the Grant Thornton International Business Report, a quarterly global survey of 2,580 business leaders, India ranked second after Ireland in terms of the business optimism. Business confidence and expectations for revenue and exports are down in several major economies that have China as a major trading partner. "India is relatively insulated from the slowdown in China and sees a slight gain in confidence, despite falling exports," the survey said while taking note of RBI's recent interest rate cut by 50 basis points to support growth. As per the survey, 86 per cent Indian businesses are optimistic about an increase in revenue compared to 83 per cent last quarter. Moreover, Indian businesses are also positive about profitabilit