BackBusiness confidence Index shows continued optimism in second quarter
The surge was led by the determination shown by the new govt at the Centre to provide an impetus to growth
Premium
The business confidence index of lobby group Confederation of Indian Industry (CII) soared for the second quarter in a row. The surge was led by the “determination shown by the new government at the Centre to provide an impetus to growth along with reviving the ‘feel good’ factor," CII director general Chandrajit Banerjee said.
The number 50 is the dividing line on the index between positive and weak business confidence. The 88th business outlook survey is based on responses from more than 150 industry members. A majority of the respondents (44%) belong to the large-scale sector while medium-sized companies make up 12%. Around 38% and 6%, respectively, are small and micro enterprises. Further, 60% of the respondents are from manufacturing and 36% from the services sector.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
