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Business Confidence Index down 15% in Aug-Oct: NCAER


Business Confidence Index down 15% in Aug-Oct: NCAER




Business confidence across the industry declined in the September quarter over the previous three months due to an all-pervasive worsening of business sentiment, said a survey by economic think tank NCAER.

NCAER's Business Confidence Index (BCI), an indicator of business sentiment across Indian industry, stood at 103.1 in the second quarter of 2019-20, falling 15.3 per cent quarter-on-quarter, despite a small reprieve in July 2019.