Business Confidence Index falls 40 pc for Jun quarter: NCAER survey

Business confidence index drops 40%: survey

NCAER’s Business Confidence Index (BCI), an indicator of the business sentiment across the Indian industry, stood at 46.4 in the first quarter of 2020-21, a drop of 40% from its level of 77.4 in the previous quarter, according to a survey by the National Council of Applied Economic Research (NCAER). “This is the lowest the BCI has ever fallen in the history of 113 rounds of the NCAER Business Expectations Survey (BES),” it said on Friday.PTI

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