India Inc business confidence hits a 2-year high in third quarter

Industry seeks hold on interest rates from RBI

Industry leaders have expressed confidence in India’s economy being resilient in the face of global headwinds in uncertainties, with the Confederation of Indian Industries’ Business Confidence Index achieving its highest reading in two years for the October-December quarter.

According to a statement by the industry body, “Reflecting the optimism around India being in a ‘sweet spot’ despite the rising global uncertainties, the latest CII Business Confidence Index rebounded to its highest reading in almost two years of 67.6 in the October-December quarter from 62.2 in the previous quarter. The sharp improvement in the value of the index was buttressed by