It also pointed out that the way things have panned out during the survey quarter are bleaker than the expectations of immediate future presented in the preceding quarter
This is based on the 110th Round of the Business Expectations Survey (BES) carried out by NCAER, said the National Council of Applied Economic Research
The current quarter could bring good news for chemicals, metals, pharma sectors, and a host of commercial services companies, the survey noted
The business confidence reading for India was below the average recorded for BRIC (Brazil, Russia, India and China) nations at 23 per cent and globally at 31 per cent
PwC spoke to 102 family business leaders in India and the survey captures both the global and Indian findings