India improved its ranking by one spot in a global index of business optimism, with policy reforms and goods and services tax expected to become a reality soon, says a survey, PTI reported. According to the latest Grant Thornton International Business Report, India was ranked second on the optimism index during the third quarter (July-September 2016). Indonesia took the top spot, with the Philippines coming in third. India was ranked third during the April-June period after being on top for two consecutive quarters.
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