Business confidence at 10-qtr high as demand, economic activity picks up, shows Business Today-C fore survey

Asia's Tech News Daily

© Provided by Business Today Business confidence at 10-qtr high as demand, economic activity picks up, shows Business Today-C fore survey

India Inc’s business sentiment rebounded strongly in Q2 of FY22 along with the ebbing impact of the COVID-19 pandemic, according to the latest Business Today-C fore Business Confidence Index (BCI).


On a scale of 100, the index jumped to 49.6 in the July-September quarter (Q2) of FY22 after touching its lowest point at 43.2 in the April-June quarter (Q1) of the current fiscal year. 


The BCI, based on The Business Today-C fore Business Confidence Survey, further shows the business sentiment has moved up across all businesses — big, medium, small and micro — and touched its highest point in the last 10 quarters.

Also Read: Economic recovery gaining momentum, growth seen across sectors: Finance Ministry


Aroon Puri, Editor-in-Chief, India Today Group, of which Business Today is a part, says the current survey highlights strong optimism among businesses.


“Business sentiments were falling for several quarters, but the latest BCI has skyrocketed to break a 10-quarter record. While the survey results give fresh hope, we need to stay alert for near-term challenges such as the coal crisis, and rising commodity prices,” Puri notes.


The index further indicates that as the economy opens up and businesses get back to normal, India Inc’s honchos are feeling better about the state of the economy as well as business. 


The rise in July-September BCI is a direct result of an uptick in the economic activity over the past quarter. The unlocking of nearly all businesses after the second COVID-19 wave, followed by the pickup in demand, has changed the outlook of business leaders, according to the survey.

Also Read: Indian economy poised to attain double-digit growth in FY22: PHDCCI


The BCI is based on a survey conducted with 500 CEOs and CFOs of companies across large, mid-sized and small organisations across 12 cities — Delhi, Mumbai, Chennai, Hyderabad, Bangalore, Kolkata, Chandigarh, Lucknow, Nagpur, Kochi, Vizag and Bhubaneswar.


The survey, conducted between September 28 and October 4 is part of the October 31 issue of the Business Today magazine, which is on stands now.


For the September quarter, the ratings on all five parameters incorporated in the survey — overall economic conditions, financial situation, demand conditions, profit margins, and hiring conditions — are better than the previous study.


The outlook for the next quarter — October-December 2021 — is also positive across all parameters, the survey says.


It further points out that 80 per cent of corporate leaders are financially prepared to deal with a possible third COVID-19 wave. Another 45 per cent believe the government’s asset monetisation pipeline would provide a strong boost to economic activity and employment.  


Meanwhile, 63 per cent of respondents do not expect the cost of funds or interest outgo to increase over the next one year, while 76 per cent say the rollback of the moratorium and two-year loan restructuring, provided by the Reserve Bank of India (RBI) and the government, would increase the financial stress in the system.

The Business Today-C fore Business Confidence Survey, which captures the mood of corporate India, has become a bellwether of business and economic sentiment since its inception in January-March 2011.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


Reynoldsburg man arrested in connection with September East Side homicide

Garland Williams, 45, was arrested without incident on Wednesday by a Columbus police SWAT team. A Reynoldsburg man was arrested Wednesday and charged with murder in connection with the Sept. ... Read more »

Croatia unveils heavy fines for failure to apply COVID certificates

FILE PHOTO: Woman receives a dose of the COVID-19 vaccine at a vaccination center in Zagreb ZAGREB (Reuters) – Croatia's government on Thursday proposed heavy fines for heads of public ... Read more »

Delhi: Delta variant found in 95% samples sequenced at NCDC

Ninety-five per cent of the samples from Delhi sequenced at the National Centre for Disease Control (NCDC) in the last six months were found infected with the Delta variant of ... Read more »

States giving selective nod to CBI for political points need to introspect: Govt

Union Minister Jitendra Singh on Thursday expressed “concern” over at least eight states withdrawing general consent to the Central Bureau of Investigation (CBI) as “they didn’t have faith” in it ... Read more »

Mumbai court cancels proclamation order against Param Bir Singh in extortion case

A magistrate court here on Thursday cancelled its proclamation order against former Mumbai police commissioner Param Bir Singh in an extortion case registered against him in suburban Goregaon. Additional chief ... Read more »

Expanding Indo-German partnership: ‘India' a part of the new coalition Treaty in Germany

The recent German elections have resulted in a tripartite coalition forming for the first time. The coalition formed among social democrats, greens and liberals has finalised its deal for governing ... Read more »

Omicron in India: Maharashtra amends rules for passengers from "ultra-risk" countries

Maharashtra has announced mandatory seven-day institutional quarantine for passengers arriving from South Africa, Botswana and Zimbabwe as per amended rules of state government. This will also apply to passengers who ... Read more »

Gingerbread robin edible decorations recipe

Gingerbread robin edible decorations recipe – Claire Thomson I like to bake with half this gingerbread dough, reserving the remainder to bake fresh when required. Timings Prep time: 15 minutes, ... Read more »

US steel tariffs link to Northern Ireland Protocol a ‘false narrative' – Government

American tariffs on British steel are not linked to the renegotiation of the Northern Ireland Protocol, a minister has said. Trade minister Penny Mordaunt told the Commons that the link ... Read more »

Miami drifter charged with murder of 14-year-old Ryan Rogers in Palm Beach Gardens

A homeless man from Miami has been arrested on allegations he murdered Ryan Rogers, the 14-year-old boy found fatally stabbed in Palm Beach Gardens. Semmie Lee Williams, 39, was taken ... Read more »

Omicron may soon cause over half of COVID infections in Europe -EU

COVID-19 pandemic in Cologne BRUSSELS (Reuters) – The European Union's public health agency said on Thursday that the Omicron variant could be responsible for more than half of all COVID-19 ... Read more »

Ex-Google scientist Gebru opens AI institute year after tumultuous exit

By Paresh Dave (Reuters) – Timnit Gebru, the computer scientist whose disputed exit from Google's artificial intelligence research team prompted debate across the tech industry about diversity and censorship, said ... Read more »

Theatre in London: From Cabaret to Moulin Rouge, the best theatre shows this winter

Omari Douglas and Jessie Buckley in Cabaret (Marc Brenner) ‘Tis the season to see lots of great theatre – December is packed with brilliant new shows. From sparkly musicals to ... Read more »

A no-holds-barred review: Impossible Pork, meat-free meat that has left people confused if it is halal

© Provided by Mothership Follow us on Telegram for the latest updates: If you haven’t already heard, the plant-based pork substitute Impossible Pork, is finally in Singapore. It’s by ... Read more »

Homophobia issue ruled out in Stephen Port victims' inquests

Homophobia has been ruled out as an issue in the inquests for the victims of serial killer Stephen Port. Over 16 months, Port gave four young gay men fatal doses ... Read more »

Documentary on femicides in Turkey is UK's Oscars nomination

© Provided by Al Jazeera The film offers a close look beyond statistics, at the painstaking physical and emotional toll on two women [Screengrab from film ‘Dying to Divorce’] Istanbul, ... Read more »

COVID: Germany set to approve curbs on unvaccinated

© Provided by Merkel, Scholz and other officials have come under fire for not taking action against the fourth wave sooner Acting German Chancellor Angela Merkel and Chancellor-designate Olaf ... Read more »

DA wants probe into GP health dept after sanitisers worth 12.7m expire

© A hand sanitiser bottle. JOHANNESBURG – As Gauteng Health Department workers brace themselves for an imminent COVID-19 fourth wave, there are calls for an investigation into expired bottles ... Read more »

Scarlets urge EPCR to reconsider postponement stance

© PA Images Scarlets v Sale Sharks – Heineken Champions Cup – Parc y Scarlets The Scarlets would like the EPCR to reconsider their stance on postponements with the majority ... Read more »

How a high-performance attitude can drive success

© Provided by 702 The “Future is an attitude” podcast series presented by Audi features inspirational South Africans who think differently about the future and who challenge the status quo ... Read more »

Kurt-Lee Arendse at fullback as Jake White shakes up Bulls backline for Sharks showdown

© Provided by Independent Online (IOL) Cape Town – Jake White has decided to shake up the Bulls backline quite considerably, with the stand-out selection being Kurt-Lee Arendse at fullback ... Read more »

Kohli: Training during the break was 'to stay in the rhythm of playing red-ball cricket'

Virat Kohli is back in international cricket after a break, during which he skipped the T20I series against New Zealand completely and then essentially chose to step off the treadmill ... Read more »

ICYMI: Sachin Tendulkar was in the trailer of Ranveer Singh starrer 83! Check mind blowing deets

© Provided by The trailer of Kabir Khan’s 83 was released on 30th November 2021. It has received a great response, and there are many things in it that ... Read more »

Zydus Cadila's COVID-19 vaccine ZyCoV-D to be launched in THESE seven states initially

© Provided by DNA The three-dose COVID-19 vaccine of Zydus Cadila called ZyCov-D will be initially introduced in seven Indian states to boost the vaccination drives of these areas, as ... Read more »

Zafar Gohar re-signs for 2022 season with Gloucestershire

© Getty Images Zafar Gohar belts out an appeal © Getty Images Zafar Gohar, the Pakistan left-arm spinner, will return to Gloucestershire for the 2022 season, as the club prepare ... Read more »

Bounce Infinity E1 electric scooter launched, prices start from Rs 45,099

Bengaluru-based smart mobility solution company, Bounce, has just unveiled its first consumer electric scooter, the Bounce Infinity E1 today. The Bounce Infinity E1 will be offered with a unique ‘Battery ... Read more »

Ashes 2021: Australia are 'beatable' on home turf, says England pacer James Anderson

Ashes: Australia are ‘beatable’ on home turf, says James Anderson England pace spearhead James Anderson said that his team has the belief that Australia are beatable at home and Joe ... Read more »

The Doctor Who legend who refused to return to Harry Potter role and the reason why

It’s no secret how much the casting agents for Harry Potter love their big British names. In the ultimate who’s who of British and Irish actors, the eight films that ... Read more »

Tesla launches Cyberquad, an all-electric quad bike for kids, at about Rs 1.42 lakh

While its new Cyberwhistle has been gaining all the attention on social media, Tesla has quietly launched a four-wheel all-electric ATV for kids. The new product from the world’s biggest ... Read more »

Alexa Chung rocks granny chic in knit hood at fashion bash

© Provided by Daily Mail MailOnline logo Alexa Chung showcased her typically quirky sense of style as she attended luxury label Shrimps’ festive bash at The George pub in Fitzrovia on Wednesday. ... Read more »

Zachary Levi wants Shazam! sequel to come out before 2023

© Bang Showbiz Zachary Levi is hoping that ‘Shazam! Fury of the Gods’ is released before 2023 Zachary Levi wants ‘Shazam! Fury of the Gods’ to be released sooner than ... Read more »

Covid live: Germany set to impose restrictions on the unvaccinated; India detects two cases of Omicron variant

LIVE – Updated at 13:14 © Photograph: Thilo Schmülgen/Reuters A person with a 2G stamp approving entry to a Christmas market next to Cologne Cathedral. Germany expected to restrict unvaccinated ... Read more »

Traffic to be diverted over Forth Road Bridge as part of Queensferry Crossing closure trial

© A trial diversion of traffic from the Queensferry Crossing onto the adjacent Forth Road Bridge is se… Traffic using the M90 will be dive rted over the Forth Road ... Read more »

Edmunds: Ford Bronco versus Jeep Wrangler

After a 25-year hiatus, the Ford Bronco is back. This new 2021 Bronco SUV pays homage to its predecessors via boxy proportions, round headlights and short overhangs while introducing the ... Read more »

Is the iPhone SE still worth buying? Apple's iPhone SE 3 could be coming soon

The 2020 Phone SE is Apple’s cheapest iPhone to date, making it a more affordable alternative to the latest iPhone 13 lineup. (The iPhone 11 and iPhone 12 are also less expensive alternatives to Apple’s ... Read more »

Majority of Canadians want to ditch the British monarchy. How feasible is it?

© (Photo by Sean Gallup/Getty Images) BERLIN, GERMANY – JUNE 24: Queen Elizabeth II arrives for the state banquet in her honour at Schloss Bellevue palace on the second of ... Read more »

Schoolboy, 16, admits trying to murder disabled girl who he carried into park and knifed over 50 times

A SCHOOLBOY has admitted trying to murder a disabled girl during a frenzied knife attack in a park. The 16-year-old boy, who cannot be named for legal reasons, stabbed the ... Read more »

Around 50 people infected with corona after a Christmas dinner party at Aker Brygge

A total of 50 people are now linked to a possible outbreak of the omicron coronavirus variant after a Christmas dinner party at Aker Brygge in Frogner district in Oslo. ... Read more »

SAS reintroduces mandatory use of face masks on all flights

SAS is introducing the mandatory use of face masks on domestic flights and flights in Scandinavia. The new rules apply from Monday. In a press release, the airline states that ... Read more »

Accused school gunman's half-brother says teen ‘seemed like an average kid'

Ethan Crumbley’s booking photo. The 15-year-old is accused of killing 4 classmates and injuring 7 more in a shooting at Oxford High School on Tuesday. AP The older half-brother of ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic