New Delhi, July 11 -- Businesses across the world are hesitating to make significant investment decisions because of rising global policy uncertainty due to tariffs and geopolitical conflicts, according to a report released by SBI Funds Management.

The report highlighted that the Global Economic Policy Uncertainty Index, which reflects concerns around global policymaking, has spiked to its highest level since records began in April 1997.

The index, which is adjusted using current price GDP weights, shows a steep upward trend in recent months, especially in April 2025. The index has now crossed the 600 mark, signalling extremely high levels of uncertainty in the global economy.

SBI's report points to a mix of global events and policy un...