SUBDUED
Business Today India|February 19, 2023
After a warm Q2, the BT-C Fore Business Confidence Index for Q3 has cooled again, falling twice in the past four quarters. Will Q4 bring happy tidings?
BY ALOKESH BHATTACHARYYA
SUBDUED

Over the past several months, the economy—both in India and globally—has been on a roller-coaster ride, with positives and negatives intermingling to create a heady concoction of sentiments. Almost fittingly, the Business Today-C Fore Business Confidence Index (BCI) has mirrored this sway between hope and despair. In the January-March 2022 quarter, the index had risen to 55.2 from 48.4 in the previous quarter. In April-June 2022, it fell to 51.2. Then in July-September 2022, the BCI rose again to 52.5, only to fall again to 51.4 in the October-December 2022 quarter, the second-lowest for calendar year 2022.

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