Business Confidence Index

Industry upbeat on policies as biz confidence index at 2-qtr high: CII

The industry is buoyed by policy continuity as the CII Business Confidence Index soared to a two-quarter high of 68.2 for the July-September period this fiscal, the lobby grouping said in its first survey after the Lok Sabha polls. The 128th round of the CII Business Outlook Survey was conducted in September 2024, covering more than 200 firms of varying sizes across all industry sectors and regions. Economic momentum has gained speed post the general elections, the industry body stated. India's economic growth has held up well despite global challenges, CII said, asserting that the upcoming festive season portends well for fortifying growth prospects further. However, it cautioned that the "uncertainty in the global scenario persists, necessitating a careful watch on the evolving economic conditions". A few niggling business concerns have been highlighted by the respondents in the survey, with protracted geopolitical tensions, spike in global commodity prices and slowing external

Business confidence index improves to 150 in Q1 FY25 from 138 in Q4 FY24

The majority of firms continue to expect the prospects of employment in the next six months of both skilled and unskilled or casual and permanent workers to remain the same as in the past three months

All-round improvement in business sentiments in Q2, shows NCAER survey

A survey by prominent economic think-tank NCAER showed an all-round improvement in business sentiments in the second quarter of the current fiscal. The Business Confidence Index (BCI) rose from 128 in the first quarter of the current fiscal to 140.7 in the second, the National Council of Applied Economic Research (NCAER) said. The BCI was also higher than 132.5 in the year-ago period, the NCAER said. The NCAER-NSE BCI was driven by four components -- overall economic conditions will improve in the next six months, financial position of firms will improve in the next six months, present investment climate is positive, and present capacity utilisation is close to or above the optimal level. "The share of positive responses was higher for all four components of the BCI in 202324:Q2 compared to 202324:Q1," showed the 126th Round of NCAER Business Expectations Survey (BES) in September 2023, with support from the NSE. The survey is based on responses from 500 companies. "Business ...

Business confidence index at three-quarter high in second quarter: CII

The rural economy has been on an upswing, as evident from the surge in fast-moving consumer goods (FMCG) sales and agricultural incomes in Q1 FY24

CII business confidence index rises to 67.1 in second quarter of FY24

CII's business confidence index improved to 67.1 in the July-September quarter of FY24, reflecting robust macro fundamentals of India's economy despite global headwinds, the industry body said on Sunday. The index showed a reading of 66.1 in the previous quarter (April-June FY24) and 62.2 in the same quarter last year. "The reading reaffirms the sustained positive momentum seen in host of high frequency indicators such as GST collection, air & rail passenger traffic, PMIs, among others in the second quarter," said the Confederation of Indian Industry (CII). The buoyancy seen in rural demand in the recent period, too, was mirrored by the results of the survey which established that nearly half of the respondents (52 per cent) anticipate an improvement in rural demand in the first half of the current fiscal, it added. A majority of the respondents (66 per cent) feel that the Indian economy will grow in the range of 6-7 per cent in FY24, broadly in line with the forecast of RBI and ..

Positive momentum in Q1 business indicators like GST collection: CII survey

The CII Business Confidence Index rose to 66.1 in April-June from 64 in the previous quarter, reflecting the positive momentum in a host of high frequency indicators such as GST collection and air & rail passenger traffic. Majority of the over 180 firms surveyed in the Business Outlook Survey (63 per cent) expect India's GDP growth to be 6-7 per cent in the current fiscal, decelerating from 7.2 per cent in the previous year, attributing it to global headwinds and uncertainties. "It is important for the RBI to stick with a pause on the interest rate to preserve the growth impulses. This was emphasised in the survey results, as 53 per cent of the respondents expected the RBI to maintain status quo on the key interest rates in the first half of the current fiscal," CII stated. Notably, 65 per cent respondents are of the view that the fresh sightings in private investment will be sustained in the current fiscal. There are several factors which are driving private capex such as ...

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

Industry seeks hold on interest rates from RBI

Business confidence falls for second straight quarter, says NCAER survey

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

India Inc's business confidence highest in decade: FICCI Survey

Improvement in overall conditions as well as expectations helped, the survey said

Business confidence improves with rollout of vaccines: Think tank NCAER

The Business Confidence Index (BCI) developed by the Delhi-based economic think tank NCAER rose 29.6 per cent between second and third quarter of the current financial year

NCAER's business confidence index rises 41.1% in September quarter

Indicating signs of improvement, think-tank NCAER on Monday said its Business Confidence Index (BCI) rose 41.1 per cent in the July-September 2020 period

Business Confidence Index falls 40% in June quarter: NCAER survey

It fell 62 per cent in the June 2020 quarter on a year-on-year (y-o-y) basis, according to a survey by the National Council of Applied Economic Research (NCAER)

Business confidence index rose 9.1% in Oct-Dec: NCAER

The NCAER Business Confidence Index (N-BCI) had declined 12.9 per cent in the September quarter