NEW DELHI: Amid recent structural changes in regulatory and policy issues, top business leaders continue to remain optimistic about the country’s economic outlook for the second consecutive quarter, owing to strong growth.
In a survey conducted by Grant Thornton International Business Report (IBR), 90 percent of respondents from India expressed confidence in the country’s economic outlook for the future.
However, the agency stressed the need to bring some ambitious indirect tax reforms like the GST. “For India to continue to achieve planned success, there is a need to focus on key reforms such as the proposed Goods and Services (GST), other related tax reforms and simplification of laws,” the report said.