Knocked Out
Business Today|January 26, 2020
PESSIMISM RULES AS CORPORATE LEADERS EXPECT A DULL BUDGET AND BELOW 5 PER CENT GROWTH IN 2019/20, FINDS THE LATEST BUSINESS TODAY-C FORE BUSINESS CONFIDENCE SURVEY
MANU KAUSHIK
Knocked Out

The fear of further decline in GDP growth and low expectations from the upcoming Budget dragged down confidence of corporate leaders in the October-December quarter. The Business Confidence Index (BCI), which has been moving within a three percentage point bracket for the last nine quarters, fell further in October-December. The BCI – on a scale of 100 – was at 48.6 compared with 49.1 in the previous quarter and 48.5 in the quarter before that. Market research agency C fore quizzed 500 CEOs and chief financial officers across 12 cities for the survey.

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