Friday, July 13, 2007

India Inc. needs a boost in confidence!


The confidence indices, calculated in the FICCI quarterly business confidence survey, present a very gloomy picture for the Indian economy. The Current Conditions Index (CCI), the Expectations Index (EI) and the Overall Business Confidence Index (OBCI), all have dropped down in the fourth quarter. The CCI stands at 70.4 (73.7 in Q3), EI at 68.2 (75.7 in Q3) and OBCI at 69 (75 in Q3). The responses were drawn from a total of 418 companies whose turnover ranged from Rs.20 million to Rs.500 billion. The fall is probably due to the anti-inflationary measures that have been adopted by the apex banks.

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Source :
IIPM Editorial, 2007

IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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