CII’s 128th edition of the quarterly Business Outlook Survey was conducted during September 2024 and saw participation of over 200 firms of varying sizes and across all industry sectors and regions of the country.
Key findings of the survey include –
CII Business Confidence Index soared to a two-quarter high of 68.2 in the second quarter of the current financial year (July-September), as compared 67.3 in the previous quarter and 67.1 in the corresponding quarter last year.
The survey respondents cited factors such as improvement in consumption, especially rural demand; steady progress in monsoon; continued emphasis on reforms and fresh sightings in private investment as the key reasons which will drive growth in the current financial year.
Almost half of the respondents anticipate an improvement in the hiring situation in their companies during the second quarter.
More than half (59 per cent) of the respondents anticipate an improvement in private capex in H1FY25 as compared to H2FY24.
Most of the respondents (46 per cent) feel that the capacity utilisation levels in their company would range between 75-100 per cent during the quarter ending September 2024.