India Business Confidence

Business Confidence in India decreased to 49.90 in the fourth quarter of 2012 from 51.30 in the third quarter of 2012. Business Confidence in India is reported by the Confederation of Indian Industry (CII). Historically, from 2005 until 2012, India Business Confidence averaged 61.03 reaching an all time high of 71.80 in March of 2007 and a record low of 48.60 in December of 2011. 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 includes a chart with historical data for India Business Confidence.

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India Business Confidence

Business Last Previous Highest Lowest Forecast Unit Trend
Car Registrations 205381.00 May/2013 208507.00 301817.00 6508.00 207562.20 May/2013 Cars Trend
Changes in Inventories 597.31 Feb/2013 556.98 597.31 184.29 460.90 Mar/2013 INR Billion Trend
Industrial Production 2.30 Apr/2013 3.40 20.00 -7.20 3.89 Apr/2013 Percent Trend
Business Confidence 49.90 Dec/2012 51.30 71.80 48.60 51.85 Mar/2013 Trend



Business Confidence | Notes

The Business Confidence Index is an indicator designed to measure the degree of optimism on the state of the economy that business owners are expressing through their activities of investing and spending. Decreasing business confidence often implies slowing economic growth because business owners are likely to decrease their investment. The idea is that the more confident business owners and managers feel about the economy, their companies, their jobs and incomes, the more likely they are to make investments and purchases.



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