CII’s 126th edition of the quarterly Business Outlook Survey was conducted during March 2024 and saw participation of over 150 firms of varying sizes and across all industry sectors and regions of the country. Majority of the respondent firms were from the manufacturing sector, with 56 per cent firms belonging to the large and medium size cohort.
Key findings of the survey include -
The 126th CII Business Confidence Index (CII-BCI) continued to maintain its upward trajectory, seen since Q1FY24, zooming to a twelve-quarter high of 68.3 in Q4FY24 as compared to 67.8 in the previous quarter and the reading of 64 in the comparable quarter last year. The consistent uptick in CII-BCI came on the back of improving business sentiments aided by resilience seen in the domestic economic activity, despite uncertainty in the global landscape.
Most of the respondents (57 per cent) expect GDP growth to be higher than 7.0 per cent in FY25.
Almost three-fourth of the respondents (71 per cent) anticipate an improvement in private capex in H1FY25 as compared to H2FY24.
Majority of respondents (51 per cent) felt that the capacity utilisation levels in their company would range above 75 per cent during Q4 (Jan-Mar) FY24.
Majority of the respondents (60 per cent) anticipate an increase in sales in the fourth quarter of the previous fiscal.