Business optimism in India is its highest since 2010 on the hope of a business-friendly government after elections, says a Grant Thornton report. The report says that at 89 %, the optimism among Indian business owners is way ahead of the global average of 44 %. The optimism is driven by the fact that 92 % Indian businesses expect their revenues to grow in the next 12 months while 87 % expect better profits.
The data provides hope that the recovery will be more sustainable and with economic uncertainty declining, the businesses hope to renew investment for long-term growth. However, the report also cautions about some constraints felt by businesses globally. Rising energy costs, shortage of finance, red tape and lack of skilled workers are some of them.