Question

What was India's rank on the Global Optimism Index (Gol) in the first quarter of $2018$, as per latest Grant Thornton's International Business Report (IBR)?

• A. $1$st
• B. $6$th
• C. $3$rd
• D. $2$nd

Answer 1

The correct option is B $6$th

After topping the chart for four years, India slipped to the 6th position globally on the Global Optimism Index in the first quarter of $2018$, as per survey by Grant Thornton's International Business Report (IBR). The report says the business optimism in India has deteriorated while entering the last year of the current regime. Austria topped the index followed by Finland, Indonesia, the Netherlands and the US. The report was prepared on a quarterly global business survey of $2,500$ businesses in $37$ economies. With regard to India, Grant Thornton stated that the underlying pessimism is reflected in other parameters as well including revenue, selling prices, profitability, employment and exports expectations. Indian businesses have been citing regulations and red tape, availability of skilled workforce, lack of ICT infrastructure and shortage of finance as the biggest growth constraints.