According to the leading business magazine, this follows an increase of 11 basis points in the previous month and also puts the index above its average of 101 for the last 12 months LMD points out.
LMD states that political stability, the health of the economy and corruption are among the key national issues cited by business people. Meanwhile, taxes, the value of the rupee and inflation are considered to be among the main concerns when it comes to business.
A spokesperson for LMD states that the outlook for the index may be uncertain following the stabilization of the political situation and prospect of one or more elections this year.
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