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Business optimism in India remains tepid in Q2

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"Rising oil prices and inflation and therefore expected interest rate revisions, in the middle of an election year, threaten the much talked about reversal in the investment cycle in India. The fundamentals behind high gross domestic product (GDP) growth remain intact though the mood on the street isn't going to change to overall optimism any time before the next government is well in place"

Vishesh C Chandiok
CEO, Grant Thornton India LLP

This article appeared in Business Standard on 25th July, 2018.