‘Business confidence improved in June qtr’
Business confidence in India has improved in Q2 2019, according to a survey by the Confederation of Indian Industry (CII). The CII's Business Confidence Index increased to 66.1 in Q2, up from 64 in the previous quarter. The survey also found that businesses are optimistic about prospects for fresh private investments, with the majority of respondents expecting the economy to grow at 6-7% this fiscal year. However, concerns were raised over slowing growth in developed economies and geopolitical risks impacting economic growth in the future.
New Delhi: Business confidence has improved sequentially in April-June, reaffirming the positive trends in economic activity like goods and services tax (GST) collections, as well as air and rail passenger traffic, according to the Confederation of Indian Industry.