Sponsored Links
India Inc. is more confident about the economic growth in the fourth-quarter of this calendar year, compared to the previous quarter, media reports said, quoting financial research firm Dun & Bradstreet (D&B).
The research firm's business optimist index rose 8.4% to 143.2 points from 132.1 points in the preceding quarter. This index, in D&B's view, recorded a rise of 3% year-on-year in the fourth quarter, compared to a decline of 3.3% in the preceding third quarter of the calendar year.
The index measures the pulse of the business community for the coming quarter across six sectors in the country.
According to the research firm, the impact of global crisis meltdown is receding fast, with the Index of Industrial production (IIP) having witnessed a strong growth for the second month in a row. In June IIP grew 8.2% year-over-year, while it rose by 6.8% in July.
D&B-India Chief Operating Officer Kaushal Sampat said the Reserve Bank of India or RBI's monetary decision in the ensuing mid-term monetary policy will be a vital factor in determining the business expectations. He added that the impact of deficit monsoon on farm output and consequently on industrial activity will play an important role in defining the business sentiments in the near future.
0 komentar:
Post a Comment