CII Business Confidence Index:
The Confederation of Indian Industry (CII) has reported that the latest CII Business Confidence Index for the October-December quarter rebounded to its highest reading in almost two years, with a value of 67.6.
- This is an increase from 62.2 in the previous quarter, reflecting optimism around India’s position despite rising global uncertainties.
- The CII stated that the sharp improvement in the value of the index was due to subsiding concerns around the impending recession and its impact on the Indian economy.
- The Index is based on the findings of a survey of over 120 firms of varying sizes and across all industry sectors and regions of the country.