February 7, 2021
1 min read

‘Business confidence improves in India’

The NCAER Business Confidence index (BCI) rose 29.6 per cent on a q-o-q basis during the third quarter of FY 2020-21….reports Asian Lite News

As economic activities pick up and vaccination drive gathers pace the business confidence in the country has improved, showed a survey by National Council of Applied Economic Research (NCAER).

The NCAER Business Confidence index (BCI) rose 29.6 per cent on a q-o-q basis during the third quarter of FY 2020-21.

“The BCI rose further by 29.6 per cent on a q-o-q basis, rising from 65.5 in 2020-21:Q2 to 84.8 in 2020-21:Q3,” and NCAER statement said.

However, business sentiments remained worse than they were during the corresponding period in the previous year, it added.

The proportion of respondents expecting that ‘overall economic conditions will improve in the next six months’ increased by 4.8 percentage points, from 29.8 per cent in 2020-21, Q2 to 34.6 per cent in 2020-21, Q3.

Further the proportion of respondents expecting that the ‘financial position of firms will improve in the next six months’ increased by 3.1 percentage points, from 27.7 per cent in 2020-21, Q2 to 30.8 per cent in 2020-21, Q3, it said.

The BCI increased for the consumer durables sector by 26.1 per cent on a q-o-q basis in 2020- 21, Q3, for consumer non-durables by 32 per cent, for intermediate goods by 37 per cent, for capital goods by 27 per cent, and for the services sector by 32.5 per cent.

Also read:‘Pure anti-semitism,’ Netanyahu condemns ICC probe

Previous Story

‘Pure anti-semitism,’ Netanyahu condemns ICC probe

Next Story

Adani buys 23.5% stake in Mumbai Airport

Latest from Business

RBI Holds Rates, Boosts Outlook

One of the most significant announcements was the upward revision of India’s GDP growth forecast for FY 2025–26—from 6.5% to 6.8% In a move reflecting cautious optimism, the Reserve Bank of India

Nykaa Expands Global Footprint with UK Debut

To commemorate this significant global debut, Nykaa’s leadership hosted an exclusive soiree at the George Club in Mayfair, London Nykaa, India’s leading beauty and lifestyle destination, is set to make a grand

Nothing’s CMF Goes Indian with $100M JV

Company has announced a $100 million joint venture with Indian electronics manufacturer Optiemus Infracom Limited….reports Asian Lite News Smartphone maker Nothing has spun off its budget sub-brand CMF into an independent subsidiary,

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s
Go toTop