Delhi: According to FICCI's second-quarter business
confidence survey (BCS), India Inc is confident about
an upsurge in demand-driven growth in sales, exports,
employment and investment in the next six months.
to FICCI president Onkar S Kanwar a majority 74 per cent
of the respondents feel that current overall economic
conditions are (moderately to substantially) better compared
to the last six months. "The same proportion of the
participating companies expect overall economic conditions
to be 'moderately to substantially better' in the coming
six months," he said.
current conditions index registered a growth of 3 per
cent up from 70.9 in the last survey (Q1 of 2005-06)
to 73.1 in the current round.
expectations index stood at 76.2 and represents an increase
of nearly 2 per cent from the last round's value of
overall business confidence index went up from 73.5
in the last round to 75.2 in the current round and represents
a growth of nearly 2.3 per cent.
per cent of the of the respondents to the present round
of the FICCI BCS have said that the current performance
of their industry sectors has been 'moderately to substantially'
better vis-a-vis the last six months.
survey had elicited responses from 425 companies with
wide geographical and sectoral spread. The turnover of
the companies that participated in this survey ranged
from Rs.1 crore to Rs20,000 crore. Respondents to the
survey represent a wide array
of activities and include sectors like pharmaceuticals,
textiles, food and beverages, heavy equipment and machinery
and so on.
present round of Ficci's BCS was conducted during October