Rising growth expectations pull up business sentiment in Q2FY21: CII Survey

Latest quarterly survey shows capacity utilization improving, but firms worried over low profits, weak domestic demands and rising inflation

As economic activity returns to normalcy, higher expectations on sales and exports in the second quarter have boosted the overall sentiment, according to the latest Business Confidence Index (BCI) of the Confederation of Indian Industry (CII).
 

Released on Sunday, the BCI surged to the level of 50.3 in the July-September quarter. It bounced back from the historic low of 41 recorded in the April-June quarter, during the initial days of the pandemic and lockdown.
 

The BCI is made up of two major components, the Current Situations Index (CSI) for the April-June 2020 quarter, and the Expectation Index (EI) for the