India slips to third place on business optimism index: Grant Thornton

• After staying on top for two quarters, India slipped to the third position globally on the scale of business optimism because of delays in key reforms like the GST and bad loans facing state-owned banks, says a report
• According to the latest Grant Thornton International Business Report (IBR), India ranked third during the April- June quarter of 2016
• Delays in key reforms like GST, non-resolution of tax disputes, banking issues due to NPAs and need for significant recapitalisation of public sector banks are some of biggest concerns of Corporate India that have collectively impacted the business confidence affecting the overall business optimism in the country
  
  
  
  

Important Question for Competitive Exam from this Current Affairs:

1. India ranks _______ rd on business optimism index: a)1th b)2nd c)3rd d)4th