Mumbai: The business confidence index has
bounced back on improving economic conditions and has
in fact surpassed the level prevailed prior to the global
financial meltdown, a survey has said.
"Given the continuing weakness in the global markets,
strong business confidence in national economic policies
implies that commercial policies will be much more aligned
with domestic economic policy directions," the survey prepared
by the leading economic think-tank NCAER and Mastercard said
here today.
The business confidence index went up by 21 per cent
in October at 143.7 points as compared to 119.9 in
October 2008, according to the survey.
Released every quarter, the index is based on survey
indicators relating to overall economic conditions and
financial positions of companies in the next six months,
investment climate and level of capacity utilisation.
The survey, which received 545 responses in the latest
round, also looked at trends within company-specific business
outlook indicators, including a political confidence
index.
Bureau Report
First Published: Thursday, November 19, 2009, 20:15