The Index had stood at 70.9 in the previous survey and 59 a year ago. FICCI’s Overall Business Confidence Index showed recovery of demand conditions, improved capacity utilisation and a promising outlook on various operational parameters
NCAER business confidence index dips 12.9% in July over April on worsening of sentiments across various segments
NCAER's 105th Round of the Business Expectations Survey (BES) showed that the index fell by 12.9 percent in July over April 2018 on a quarter-on-quarter basis
The index measures the pulse of the business community and is arrived at on the basis of a quarterly survey of business expectations
Even though the economic and business confidence indicators suggest a recovery in the economy, bank credit growth numbers do not reflect this optimism
While the survey by industry body Ficci showed business confidence at a 15-quarter high, the CII poll indicated a sharp improvement in business confidence
However, it also strikes a note of caution saying that the downside risks to growth have still not abated and supply-side bottlenecks continue to pose a problem.
Amid eurozone crisis and uncertain economic climate, emerging economies of Brazil and India have topped the business confidence index, confirming their role as key drivers of the global economy.