Business confidence fell 6.7 percent in Q4 in the last fiscal: NCAER

a. Business Consumer Index

b. Business Consumer Indices

c. Business Customer Index

d. Business Confidence Index

 

Business confidence has fallen 6.7 percent in Q4 in the previous fiscal based on subdued sentiments according to an NCAER survey. The 96th round of Business Expectations Survey indicates that the Business Confidence Index registered a decrease of 6.7 percent in April over January 2016 on the quarter to quarter basis.

• This indicates business sentiments have been subdued since the previous quarter
• BCI has continued to fall on a Y-O-Y basis and a survey by economic think tank National Council of Applied Economic Research. Three of the four components of BCI have shown a deterioration in sentiments between January and April 2016
• One component has increased marginally. Only 43.8 percent of the firms expected the financial position would be better in the coming six months versus 59.8 percent of firms in January 2016.
• As many as 44.8 percent of firms perceive financial position would remain the same in the coming six months
• Maximum decline in BCI of over 11.4 percent has been recorded by firms with annual turnover of INR 1-10 crore
• Survey has also recorded improvement in political sentiments with in April over January 2016 with the Political Confidence Index showing q-o-q rise of 2.1 percent.
• NCAER has been conducting Business Expectations Survey each quarter since 1991 tracking business sentiments of close to 500 Indian companies

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