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03 Jun 2016
After topping the business optimism ranking for the last two quarters globally, India slipped to the third place in the April-June quarter of 2016, the latest Grant Thornton International Business Report (IBR) says.

Delays in key reforms like GST, non-resolution of tax disputes, banking issues due to stressed assets resulting in weak outlook for banks and need for significant recapitalisation of public sector banks are some of the main concerns of corporate India that have impacted the overall business optimism, according to the report.

"This is a clear signal that while there is optimism in the market and great business opportunity in India, the issue that is bothering investors is the slow progress on key reforms, simplification of...