CII’s 110th edition of quarterly Business Outlook Survey is based on more than 200 responses from large, medium, small and micro firms, covering all regions of the country.
The key findings of the survey include:
The CII Business Confidence Index (CII- BCI) recovered from the lows of the previous quarter to stand at 53.4 in the Jan-Mar quarter of FY20, indicating an improvement in the business sentiment in the economy.
About 36 percent of the respondents anticipate that GDP growth will stand below the 5.0% in 2020-21, closely followed by 32 percent of the respondents who expect GDP growth to be a tad higher, in the 5.0%-5.5% range on 2020-21.
On the inflation front, more than half of the respondents (57 percent) foresee an increase in retail inflation in 2020-21.
Major proportion of the respondents (39 percent) foresee policy rate cut in 2020-21.
Majority of the respondents (58 percent) anticipate continued fiscal slippage in 2020-21 as well.