India ranks 3rd on business optimism index

India has ranked third on the scale of global business optimism for the April-June quarter, after remaining on top globally for the two preceding quarters, according to Grant Thornton's latest International Business Report.
•    Growth in employment expectations dropped to second position during this period from top rank in the previous quarter (January-March this year), while the optimism further slipped to fourth place in profitability expectations from third.
•    The business confidence index (BCI) is based on enterprises' assessment of production, orders and stocks, as well as its current position and expectations for the immediate future.
•    There is a tremendous rise in the optimism for an increase in exports.
•    According to the survey, 35 per cent of respondents expect a rise in exports compared to 13 per cent in the last quarter. 
•    The country, however, continues to rank number 2 in citing regulations and red tape as a constraint on growth for two consecutive quarters.