Biz Confidence At India Inc Rises To 10-year High

  • Ficci’s Business Confidence Index witnessed further improvement at 74.2
  • Centre’s capex push in the budget is likely to lead to faster revival in growth, said respondents

NEW DELHI : Domestic firms are optimistic about greater pricing power that would drive their profits over the next two quarters with better hiring prospects, though fears of a fresh wave of covid inflections, lack of affordable credit and rising input costs are some of their key concerns, a business confidence survey revealed.

Overall, the Business Confidence Index witnessed further improvement at 74.2 in the third quarter of the current financial year, the highest in a decade, the Federation of Indian Chambers of Commerce and Industry (Ficci) said in its latest round of survey involving 190 companies from various sectors. The survey captures the mood of the industry for the two quarters ending 30 June this year.

Source: livemint

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