New Delhi, Nov 09: Endorsing RBI's GDP growth target of 6.5-7 per cent, India Inc is oozing with confidence of achieving substantially better results in second half of this fiscal, which would in turn lead to higher industrial output and economic growth. In separate surveys, industry chamber FICCI and economic think-tank NCAER said business confidence has increased substantially after the bumper crop, excellent corporate results and an substantially better economic condition.
The Overall Business Confidence Index of FICCI was up by 6.9 per cent to 76.2 from 71.3, its secretary general Amit Mitra said, adding "Corporate India is bullish on all fronts, especially the country's economic performance."
The quarterly Business Confidence Index of National Council for Applied Economic Research jumped by 3.5 per cent to a new high of 129.4. Bureau Report