85% Indian firms optimistic on economic recovery

Corporate India is among the fourth most optimistic globally as 85 per cent of the businesses are hopeful of economic recovery, compared to 48 per cent in China, a survey has said. The Grant Thornton International Business Report says that in the first quarter of 2017, 85 per cent respondents were optimistic about economic recovery. India is ranked fourth on the global optimism index during the January-March quarter of 2017, and is behind economies like Indonesia, Philippines and Malta.