Business confidence touches high: FICCI
As the demand scenario improves and economic activities ...
As the demand scenario improves and economic activities gather momentum, a FICCI survey shows that confidence among Indian businesses and entrepreneurs is significantly high and the business confidence index is at a decadal high. The Overall Business Confidence Index stood at 74.2 in the current round, against the index value of 70.9 reported in the previous survey and 59 reported a year back.
"The recently announced Union Budget 2021-22 has been forward looking. This together with measures announced as a part of the 'Atma Nirbhar Bharat' package has infused optimism among the industry members and the same is corroborated in the improved outlook for various operational parameters," said a statement by the industry body. In the current survey, though, the proportion of respondents anticipating better sales prospects in the near term remained unchanged at 66 per cent from the previous survey round.