Business Today

Business Confidence Survey: Hopes are high

Business confidence takes a turn for good with business leaders pinning hope on the annual Budget, finds the latest Business Today C fore Business Confidence Survey.

The business sentiment has shown some semblance of revival in the third quarter of the financial year, after taking a beating for two consecutive quarters. The business confidence index in the October December quarter, on a scale of 100, jumped marginally to 47.3, from 45.1 in the quarter ended September 2017. The annual Budget, slated for February 1, offers fresh hope to business leaders in a tough economic environment. However, since the macro picture hasn't improved much, it's unlikely that the Budget will continue to keep up the sentiment for a long time.

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