Business confidence takes a beating as top executives expect high crude oil prices and depreciating rupee to affect economic fundamentals, finds the latest Business Today-C fore Business Confidence Survey.
Corporate India is spooked, and there are plenty of reasons for that. The rupee is in a free fall and soaring crude oil prices are widening the current account deficit, or CAD, hitting government finances. This has created a problem for policymakers and uncertainty for India Inc. The latest Business Confidence Index (BCI) survey conducted in the July-September quarter reflects a drop in confidence levels of business leaders. Market research agency C fore quizzed 500 CEOs and chief financial officers across 12 cities for the survey. Based on the results, the BCI is 48.7 – on a scale of 100 – lower than 49.3 in the previous quarter and 50.6 in the quarter before that. It is also lower than the 51.4 in JanuryMarch 2014, just prior to the Modi government coming to power.
The index has been falling this financial year, though it is still higher than it was the previous year. In the quarter ended September 2017, the BCI had fallen to its lowest level (45.1) since the survey began more than seven years ago.
“Many external factors that Indian corporates were taking for granted, have begun to hurt. The consequences of radical changes such as the tariff war between China and the US, sanctions on Iran and withdrawal of the super-accommodative monetary policy in the west have become more pronounced,” says Abheek Barua, Chief Economist at HDFC Bank. After a series of steps taken mid-September, finance minister Arun Jaitely recently allayed investor fears by promising to take more steps to stabilise the rupee and bring down CAD.
هذه القصة مأخوذة من طبعة November 04, 2018 من Business Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 04, 2018 من Business Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.
