Indian business sentiment turned negative for the first time in more than a decade, reflecting pessimism on activity and profits following the coronavirus outbreak.
The business activity net balance fell sharply to -30% in June, from +26% in February, according to IHS Markit India Business Outlook survey results released Monday. This was the lowest reading on record and the first time that a negative outlook has been signaled since the series began in late-2009, IHS said.
