CII Business Confidence Index
Indicating a sharp upsurge in the sentiments of investors and uptick in basic macro indicators, the CII Business Confidence Index has revealed a jump of 53.7 from 49.9 as compared to the preceding quarter. Betting big on the new and stable government at the Centre, the investors across segment expected that the new regime would bring growth along with a mild upturn in some economic indicators in form of recovery in exports, decline in twin deficits, buoyancy in foreign capital inflows, strengthening rupee and moderating inflation injected a big boost to business sentiments in the country, Director General, Confederation of Indian Industry, Chandrajit Banerjee said, adding that about 56% of the respondents expect their sales and new order to increase in the first quarter of 2014-15, which is much higher than the previous one wherein only around 35% respondents expected a rise in sales. A large number of respondents expect their investment, domestic as well as international, to go up during the current quarter. Businesses, besides increasing new investment have started experiencing rise in capacity utilization. As per the survey's conclusion, 44% of the respondent firms expect the capacity utilization levels to exceed 75% in the first quarter of fiscal, up from 34% respondents in the previous quarter, the Survey said.