The Indian industry’s confidence level has improved, with the overall business confidence index standing at 67.6 in the latest Business Confidence Survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) compared to 63.9 earlier. The survey finds an improvement in both current conditions and the expectations of Indian companies.
The current condition index improved to 66.1 from 62.6 in the last survey, while the expectations index improved to 68.4 from 64.5, FICCI said in a press release.
The survey, conducted during April 2022, gauges the respondents' expectations for the period April to September 2022. Participants belong to a wide array of business sectors.
The findings reflect improved confidence amongst industry members in the near term on some operational parameters, including sales and investments. For instance, the proportion of respondents anticipating better sales prospects over the near term stood at 62 per cent in the current survey –higher than 50 per cent in the previous round.
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