SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 01 Apr, 2015  

CII Logo THMB Business Confidence Index improves in Q4: CII

Industry
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 01 Apr, 2015
Indian industry's Business Confidence Index (BCI), as reported by industry chamber CII, has shown a slight improvement for the fourth quarter of 2014-15, ending on Tuesday, over the previous quarter.

After moderating somewhat in the third (October-December 2014) quarter at the level of 56.2, the BCI improved to 56.4 in the fourth quarter.

"The improvement in confidence level also assumes significance as the BCI was much lower at 49.9 in the same quarter last year," Confederation of Indian Industry (CII) said in a statement here on Tuesday.

The Expectation Index too saw a similar rise, moving from 57.6 in the third quarter to 57.8 in the current one.

Expectation of recovery in sales, coupled with sharp decline in input costs led to a higher proportion of 47.6 percent of respondents expecting an increase in profit-after-tax (PAT) in the fourth quarter, as compared to 33.6 percent in the previous quarter.

Fifty-five percent of the respondents expect gross domestic product (GDP) growth to be in the range of 6.5-7.5 percent in the current fiscal ending on Tuesday.

"This is directly in line with 7.4 per cent GDP growth in FY15 as per the revised estimates of the CSO (Central Statistics Office)," said CII.

On the risk factors to growth, the respondents cited the moderation in domestic growth, a slow revival of the global economy and high borrowing costs as the top three concerns for the economy.

The survey is based on responses received from over 150 industry members. Majority of respondents (48 percent) were from the large-scale sector, while medium and small companies comprised 17 percent and 35 percent respectively.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter