India Business Confidence
Business Confidence in India decreased to 49.90 in the first quarter of 2014 from 54.90 in the fourth quarter of 2013. Business Confidence in India averaged 58.94 from 2005 until 2014, reaching an all time high of 71.80 in the first quarter of 2007 and a record low of 45.70 in the third quarter of 2013. Business Confidence in India is reported by the Confederation of Indian Industry (CII).
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In India, the Business Confidence Index (BCI) is based on a sample size of around 300 companies covering all industry sectors, including small, medium and large enterprises from different regions. BCI is calculated as a weighted average of the Current Situation Index (CSI) and the Expectation Index (EI), with greater weight given to EI as compared to CSI. These indices are based on three questions on the performance of the economy, respondent’s industry and respondent’s company. Respondents are asked to rate the current and expected performance on a scale of 0 to 100. A score above 50 indicates positive confidence while a score above 75 would indicate strong positive confidence. This page provides - India Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.