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India rises to 2nd Spot in Global Biz Optimism Index

Grant Thornton released its International Business Report 2016. 
●    The report ranks India at the second position on the global business optimism index during the third quarter (July-September 2016).
●    During the April-June 2016 period, India was ranked at the third position after being on top for two consecutive quarters.
●    Indonesia took the top spot, with the Philippines coming in third.
●    It says that the ranking rides on the recent policy reforms and Goods and Services tax (GST), which is expected to become reality soon.
●    The ranking was also complimented by the rise of employment expectations.
●    About 59 per cent of the respondents have voted in favour  of the growth prospects.