India Inc's biz confidence dips amid gloomy economic scene
Agencies: New Delhi, Dec 02 2012, 10:43 IST
Inc's business confidence had declined by 6.2 per cent to 126.6 points from 134.9 points in the March quarter.
The survey measures business confidence on four indicators -- overall economic situation six months from now, financial position of the firm six months from now, investment climate and level of current capacity utilisation.
The survey also focuses on Political Confidence Index (PCI), which has increased by 1.2 percentage points in October 2012 over the last quarter.
However, four out of the eight indicators of PCI such as managing inflation, managing unemployment, managing conductive political climate and pushing economic reforms forward – have witnessed a decline, the report said.
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