Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Indian businesses are most optimistic about economic recovery in 2016: Grant Thornton Survey.


Date: 15-01-2016
Subject: Indian businesses are most optimistic about economic recovery in 2016: Grant Thornton Survey
MUMBAI: Indian businesses are the most optimistic about the economic recovery in 2016. Stand taken up by the pro-reforms government, recent policy announcements and regulatory changes have resulted in increased confidence of the businesses. India has retained its #1 ranking again in the 4th quarter of 2015, a trend that was seen in the corresponding period in the year 2014 as well.

According to the Grant Thornton International Business Report (IBR) - a quarterly global survey of 2,580 business leaders across 36 economies, 89 percent of the businesses have shown confidence in the stable government and expect economic recovery in the last quarter of 2015. India was followed by Ireland and Philippines with 88 and 84 percent respectively.

The optimism, however, suffered a decline in the last few quarters due to slow growth of core sectors. The level of optimism has been continuously increasing with the second quarter witnessing 85 percent businesses expecting economic recovery. This was followed by 87 percent businesses indicating economic recovery in the third quarter.

The stability of the Indian economy can also be gauged from the fact that India tops the chart on expectations of an increasing revenue (92 percent), selling prices (73 percent) and profitability (76 percent).

While there is expectation of a recovery, corporate India continues to cite regulations and red tape as a constraint on growth with 74 percent of the respondents to the survey suggesting bureaucratic hurdle continues to be an impediment in growth. Here too India ranks highest in the IBR survey. This highlights the need for the government to remove regulatory bottlenecks and bring in place a mechanism for faster approvals.

The IBR also shows that 49% Indian businesses plan to ramp up investment in the new buildings and 52% plans to invest in plants & machinery in 2016. While 51% businesses expect an increase in R&D activities in the coming year, only 28% businesses are expecting country's exports to grow. Indian businesses also plan to be on a hiring spree in the coming year as 68% businesses expect an increase in employment - ranking #2 in the survey, lack of skilled labour and finance continues to be top two concerns for Indian businesses.

Source : economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 30-05-2025
Notification No. 31/2025-Customs
Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 26-05-2025
NOTIFICATION No. 37/2025-Customs (N.T.)
Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962

Date: 23-05-2025
Notification No. 30/2025-Customs
Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion.

Date: 23-05-2025
NOTIFICATION No. 36/2025 - Customs (N.T.)
Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul

Date: 15-05-2025
Notification No. 34/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025

Date: 30-04-2025
Notification No. 27/2025-Customs
Seeks to amend Second Schedule to the Customs Tariff Act, to align it with changes made in the First Schedule to the Customs Tariff Act vide Finance Act, 2025.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001