Business confidence falls for the second straight quarter as corporate leaders give the thumbs down to the Union Budget and remain sceptical of consumption pick-up and future investments, finds the latest Business Today-C fore Business Confidence Survey.
Mumbai-based Rajni Thakur is an economist working for RBL Bank. She spends 40 per cent of her work time interacting with clients hailing from automotive, start-up, software, textiles and other sectors, and every week helps 150-odd clients take calls on interest rates and transactions in foreign exchange. Thakur says her clients’ confidence level has dipped sharply over the past six months. “Before elections, there was a sense that things would get better after polls were over. But during this earnings season, most of the management-speak has been around how consumption is going to slow down. Nothing fundamentally has changed in the economy, but we see negative sentiments,” she says.
The weak sentiment of her clients seems to echo in the latest Business Confidence Index (BCI) survey conducted for the April-June quarter. The BCI for the quarter went down for the second consecutive time as corporate India gave the thumbs down to the Union Budget and remains sceptical of consumption pick-up and future investments. The BCI – on a scale of 100 – declined to 48.5 compared to 49.7 in the previous quarter and 50.5 in the quarter before that. Market research agency C fore quizzed 500 CEOs and CFOs across 12 cities for the survey.
“Some headwinds are pulling the sentiment down and high-frequency data is showing weakness. The first quarter of the current fiscal is not likely to be good and that is getting reflected in sentiment,” says D.K. Joshi, Chief Economist at CRISIL.
The survey shows that a large number of respondents believes there will be status quo in overall business situation, financial situation, sales, production level, order book, supply side, raw material inventory and hiring in the current quarter. Some respondents are expecting the situation to worsen in areas such as overall economic situation, availability of finance, working capital requirement and profits.
ãã®èšäºã¯ Business Today ã® August 11, 2019 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ Business Today ã® August 11, 2019 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
The EV Craze
The countryâs growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the countryâs energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
Iâd say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ânameâ.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky