Experts believe that once the GST deadlock in the Parliament is cleared India’s ranking on the business optimism scale will improve. (Representational Picture) Experts believe that once the GST deadlock in the Parliament is cleared India’s ranking on the business optimism scale will improve. According to the latest Grant Thornton International Business Report (IBR), India ranked third during the April-June quarter of 2016. While the business confidence in India has plummeted, there is a tremendous rise in the optimism for an increase in exports. (Representational Picture)After staying on top for two quarters, India slipped to the third position globally on the scale of business optimism because of delays in key reforms like the GST and bad loans facing state-owned banks, says a report.

Source: Indian Express July 15, 2016 11:58 UTC