Business confidence News

The Overall Business Confidence Index (OBCI) rose to a six-quarter high and demand side in the economy is gradually gaining strength, a Ficci survey said on Wednesday.

The Overall Business Confidence Index (OBCI) rose to a six quarter high in the Business Confidence Survey conducted by Ficci, indicating that demand is gaining traction. The index value stood at 67.3 in the current round as against 62.8 in the previous poll.

The outlook for the German economy, Europe's biggest, clouded over significantly in January as business confidence fell to its lowest level in 11 months, the Ifo economic institute said Monday.

India Inc has emerged as the second most optimistic in terms of business optimism globally with a survey showing that 86 percent of Indian respondents are bullish about an increase in revenue of their companies.

Optimism level of India's CFOs about the country's business environment in July-September declined for the fourth consecutive quarter amid concerns over passage of key Bills as well as domestic and global headwinds, says a D&B report.

The economy is showing signs of a turnaround, albeit moderately, on the back of continued policy actions, implementation and enhanced business and consumer confidence, says a CII ASCON survey that tracks the growth of industrial and services sectors.

While pegging India's true growth potential at near 10 percent, Moody's also warned that "GDP growth is not likely to rise above 7.5 percent if the government continues to over-promise and not deliver".

India's biz sentiment will remain subdued during July-September amid concerns of weak factory data and potential impact of deficient monsoon.

The confidence level in India continues to grow amid indications of slower growth ahead for the Asia-Pacific region, said a report by global rating firm Standard & Poor's.

The downturn in India's business sentiment seems to have bottomed out as listed firms reported significant improvement in production levels, domestic as well as export orders this month, a survey said Tuesday.

The level of optimism about business environment among chief financial officers in the country declined in April-June period largely owing to slower pace of reforms than initially expected and weak profit level of the corporates, says a report.

The CII Business Confidence Index (BCI) improved marginally during Jan-March FY15, moving up to 56.4 from a level of 56.2 in the previous quarter.

India Inc's business confidence is at a 14-quarter high ahead of the maiden budget of Narendra Modi government that the corporates expect to be "pro-growth".

The CII Business Confidence Index for the April-June quarter inched up to 53.7 from 49.9 in the previous quarter.