As many as 40 % of the firms felt that a turnaround in the global economy is required to jumpstart the private investment cycle. Nonetheless, a 43% of them felt that high government spending was instrumental in bringing about the turnaround in corporate sector earnings in the January-March 2016 quarter.
The CII- Business Confidence Index (BCI) for April -June 2016 (BCI) increased to the level of 57.2, up from the level of 54.1 recorded in the previous quarter reflecting a rise in business sentiment and lending credence to the perception that industry is on a strong footing.Indian industry remained upbeat about the business environment in the first quarter#
Firms, when asked to rank their concerns, rated low domestic demand, fragile global economic recovery and lack of political consensus on economic reforms as their top three concerns, the release noted. (SH)
ALCHEMPro News Desk – India
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