The Atradius Payment Practices Barometer survey found that India's GDP growth is expected to reach 7.3% this year and 7.6% in 2018. Despite this, 38.1% of respondents in India plan to increase protection against potential risks stemming from developments in China and Brexit. The average percentage of transactions on credit in India declined from 45.3% in 2016 to 44.4% this year, and the average percentage of domestic B2B sales on credit made by respondents in India decreased from 51.9% in 2016 to 48.3% in 2017. Respondents in India are less likely to sell on credit terms to both their domestic and foreign B2B customers compared to regional averages. Indian suppliers are more averse to selling on credit to their foreign B2B customers than to their domestic B2B customers, which seems to underline their perception that foreign B2B transactions may be riskier than domestic B2B transactions.
