Releasing the Index for the second quarter of 2017-18, Chandrajit Banerjee, Director General, CII said "GST is one of India's most significant and ambitious reforms ever attempted and it is believed that the positive impact of GST on Indian Economy is going to be significant. Apart from the GST, implementation of various reform measures by the government including promulgation of amendment to the Banking Regulation Act giving special powers to RBI to tackle bad loans has raised the expectations of substantial improvement in the financial conditions".

On the performance of the Index, Rajeev Rishi, Chairman, IBA and Chairman & Managing Director, Central Bank of India said "Over all optimism on the impact of several reforms initiated by the Government, be It the special ordinance for the resolution of NPAs or GST augur well for the economy which is reflected in the Index position at 71.4. Even better reading of sub-indices of cost of funds and funding liquidity reinforces the fact that the credit is available at a much lower cost than before".

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