India Slips to Fourth Spot in Biz Optimism Index

Published: 10th July 2015 04:29 AM  |   Last Updated: 10th July 2015 04:29 AM   |  A+A-

HYDERABAD:India slipped to fourth position on the business optimism index from first, according to Grant Thornton’s International Business Report. While the country stood at numero uno position during the fourth quarter of 2014, it, however, fell to 4th in Q2, 2015 despite the government enacting the much-needed reforms to boost growth. The drop in optimism can be attributed to the slow progress on easing regulatory shackles and decision-making. “It is a sign that Indian businesses’ enthusiasm has fallen after having a lot of optimism based on expectations of rapid liberalisation and reforms by the new government has had a reality check. There is a clear realisation that while the new government is undertaking reforms, the pace is slower given the political quagmires that it faces,” said Harish HV, Partner - India Leadership team, Grant Thornton India LLP. He added that GST, tax reforms, ease of doing business were areas, where there was movement and intent, but was not followed by content in the form of delivery. 

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp