CII’s 114th edition of quarterly Business Outlook Survey is based on about 120 responses from large, medium, small and micro firms, covering all regions of the country.
The key findings of the survey include:
CII’s Business Confidence Index surged to a series-high of 68.7 during the Jan-Mar 2021 quarter- indicating a sustained improvement in business sentiment.
Major share of the respondents expect GDP growth in the 6%-8% range in FY22.
Four out of five respondents feel that the measures announced in the Union Budget FY22 met their expectations.
More than half of the respondents anticipate status quo on policy rates despite almost two-thirds of them foreseeing a further increase in retail inflation in FY22.