India slips to 3rd rank in business optimism: Report
The Dollar Business Bureau After topping the list for two quarters, India slid to the 3rd rank globally on the basis of business optimism due to delays in major reforms such as the Goods and Services Tax (GST) and bad loans facing state-owned banks, according to the International Business Report. India slipped to the third position during the quarter of April-June 2016, revealed the report by Grant Thornton. The delays in major reforms such as GST, banking issues due to Non-Performing Assets (NPAs), non-resolution of tax rows, and the need for considerable recapitalisation of state-run banks are some of largest concerns for Corporate India that have together affected the business confidence leading to the total business optimism in India,” the IBR ...
