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71% Businesses Optimistic About Economy

Friday, January 04, 2013

A majority of businesses in India are optimistic about the domestic economy and hopes for a strong start in 2013, says a survey.  According to the Grant Thornton International Business Report (IBR), 71 % of businesses in India indicated optimism for their economy, well ahead of the global average which stood at just 4 %.

“Global economic scenario and certain inherent domestic risks notwithstanding , the Indian economy, on the back of positive measures such as policy changes, mega project clearances, regulation implementation and anticipated interest rate reduction is poised to grow at an accelerated growth trajectory,” Grant Thornton India Partner Munesh Khanna said.   The survey further said increased revenue is the key indicator for increased optimism (85 %) among Indian businesses followed by employment opportunities (84 %) and profitability (71 %).

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