India Inc business confidence at financial meltdown levels: Ficci survey

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The industry body said overall business confidence index has fallen to 49.0 in the survey period. Reuters The industry body said overall business confidence index has fallen to 49.0 in the survey period. Reuters
SummaryThe fall is frighteningly familiar to the 2008-09 global financial crisis.

in the next six months.

"The participating companies are not too optimistic about the near-term performance either," the survey said.

The companies surveyed also said that the sharp fall in the value of the rupee has affected their input costs, which in turn has lowered their profitability.

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