India Inc most optimistic: GT survey

Indian businesses are the most optimistic among those surveyed in 36 countries about economic recovery in 2016. The optimism stemmed from the stand taken by the pro-reform government, recent policy announcements and regulatory changes, said the Grant Thornton International Business Report survey.The quarterly global survey of 2,580 business leaders, revealed that 89 per cent of Indian businesses expected economic recovery in the last quarter of 2016. India was followed by Ireland and the Philippines with 88 per cent and 84 per cent, respectively, of their businesses expecting economic recovery.