Business confidence of India Inc falls in Q2: Survey

According to a survey by the National Council of Applied Economic Research (NCAER), the Business Confidence Index (BCI) of India Inc fell 12.9 per cent from the earlier quarter.

The confidence of the Indian business community took a hit in the second quarter of 2017-18 due to the implementation of Goods and Services Tax (GST).
 
According to a survey by the National Council of Applied Economic Research (NCAER), the Business Confidence Index (BCI) of India Inc fell 12.9 per cent from the earlier quarter.
 
The index fell 11.1 per cent year-on-year.
 
The survey of business sentiment was done in September. 
 
Since 1991, India’s premier economic policy research institute has been conducting a Business Expectations Survey (BES) every quarter.
 
For the survey, the institute tracks around 600 companies from six cities, which belong from the four regions of the country – Delhi-National Capital Region represents the north; Mumbai and Pune the west; Kolkata, the east; Bengaluru and Chennai the south.
 
Source: Business Standard

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