Business outlook: Business confidence index jumps to 149.4 in April-June; NCAER survey flags optimism in sales
Indian business confidence soared in the April-June quarter, according to NCAER’s survey, with the BCI reaching 149.4. Optimism is fueled by expectations of economic improvement, better financial positions, and strong domestic demand. While firms anticipate increased production, sales, and exports, hiring and wage expectations remain stagnant, indicating a stable employment outlook. Companies also foresee a rise in pre-tax profits.🕒 1 min read
Indian business confidence soared in the April-June quarter, according to NCAER’s survey, with the BCI reaching 149.4. Optimism is fueled by expectations of economic improvement, better financial positions, and strong domestic demand. While firms anticipate increased production, sales, and exports, hiring and wage expectations remain stagnant, indicating a stable employment outlook. Companies also foresee a rise in pre-tax profits.
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