Business confidence of India Inc drops 9.1% in Q4FY19, shows survey

The business confidence of India Inc dropped in the fourth quarter (Q4) of the financial year 2018-19 (FY19), showed a survey by the National Council of Applied Economic Research (NCAER).

The Business Confidence Index (BCI) plunged 9.1 per cent to reach 115.4 points during the period on a quarter-on-quarter (q-o-q) basis.

On a year-on-year basis, the index was down 12.2 per cent, showed the survey by the think tank.

But, political confidence index (PCI) of businesses was up 12.1 per cent in Q4 on a quarterly basis. 

The PCI measures businesses’ expectations from the government on managing economic growth, maintaining a conducive political environment