India was ranked 6th in the global optimism index with business optimism tepid in the second quarter (Q2) of 2018.
The index was released as part of Grant Thornton’s International Business Report (IBR), a quarterly global business survey.
The global optimism index for Q2 of 2018 was topped by Indonesia followed by Netherlands, Austria, Philippines, and China.
Globally business optimism has dropped from record high net 61% in Q1 2018 to net 54% in Q2 in 2018 and businesses are optimistic about an increase in revenue.
India was recently declared as the 6th largest economy by World Bank, surpassing France.