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Pradeep Gaur/Mint
Pradeep Gaur/Mint

Business confidence in india down marginally

Data shows marginal decline in BCI by less than one percentage point over the previous quarter.

The NCAER-MasterCard Worldwide Index of Business Confidence’s survey of business expectations in India for the next six months starting October 2012 shows marginal decline in Business Confidence Index (BCI) by less than one percentage point over the previous quarter. The BCI is based on four indicators relating to overall economic conditions over next six months, financial position of the firms over next six months, capacity utilization now and present investment climate. All the four indicators carry equal weight. A lower BCI compared with the previous round of survey reflects a decline in optimism in the business sector and points to an unfavourable climate for new investments. BCI captures both expectations (through responses on the macro-level factors such as overall economic conditions and investment climate) and also the specific condition of firms (through responses on micro level factors, namely, financial position of the firm and capacity utilization).

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