India Inc expects biz sentiment to improve in coming months
PTI: New Delhi, Feb 17 2013, 15:40 IST
steps by the RBI to reduce the repo rate and Cash Reserve Ratio (CRR) would help revive investors' sentiment and accelerate investment in the near future.
Shedding its nine-month long hawkish monetary policy stance, the RBI has cut short-term lending rate called repo by 0.25 per cent to 7.75 per cent and CRR by similar margin to 4 per cent.
Further, Ficci in its study said factors like weak external demand, rising cost of raw-material, high interest rates and lower investments continue to nag corporates.
The survey stated that business confidence of Indian companies declined slightly to 61.2 during October-December 2012-13, from 62.4 in the previous quarter (July-September).
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