Business Confidence In India

Business confidence has recovered from the lows of the pre-pandemic (201920) and the following two pandemic years, though sentiments continued to soften sequentially in the three quarters of the current fiscal, economic think-tank NCAER said. The NCAER-NSE Business Confidence Index (BCI) was higher at 126.6 in the third quarter of 202223 than the year-ago's level of 124.4. "However, sentiments continued to soften sequentially in the first, second and third quarters of 202223," it said. The National Council of Applied Economic Research (NCAER) further said sentiments relating to macro conditions remained relatively buoyant in the third quarter of 202223 as compared to the second. The share of positive responses increased for the component overall economic conditions will improve in the next six months' and remained unchanged for the component present investment climate is positive'. In contrast, sentiments pertaining to firms' own conditions softened between the two quarters for th

Earlier, it was at 142.9 in the fourth quarter of 2021-22. It was 117.4 in the corresponding quarter last year

India is set to announce gross domestic product data for the January-to-March quarter on Monday.

He noted that digital technologies are set to become the primary platform for economic activity and growth

CII Business Confidence Index climbed up to 59.7 during October-December 2017 compared to 58.3 in previous quarter

Only 41% CFOs expressed optimism about liquidity position of their firms, lowest since Q2 2014