Dead Cat Bounce?
The latest Business Today Business Confidence Index (BCI) shows slight improvement in overall sentiment despite the pessimism around economic and business issues
Illustration by Raj Verma & graphics by Tanmoy Chakraborty
As India is going through the second wave of Covid-19 infections, so are fears of uncertainty and gloom. But the consistent improvement in gross domestic product (GDP) numbers over the past year is playing a key role in shaping up sentiments of corporate India, as highlighted in the latest Business Confidence Index (BCI) survey.
On a scale of 100, BCI jumped to 45.5 in the January-March period compared to 43.8 in the previous quarter and 48.2 in the quarter before that. Market research agency C fore quizzed 500 CEOs and chief financial officers across 12 cities for the survey.