Business confidence for April - September 2008-09 moderated on concerns of global economic uncertainties, high interest rates and availability and cost of labour, said CII's 69th Business Outlook Survey. The CII survey however pointed out that outlook for GDP growth is expected at 8% plus and investments are expected to be on track. CII's Business Confidence Index (CII-BCI) for April-September 2008-09 moderated by 5.3 points when compared to the past 6 months. The CII-BCI, constructed as a weighted average of the Current Situation Index (CSI) and the Expectations Index (EI), was higher among the manufacturing firms (61.4) as compared to non-manufacturing firms (60.5) engaged in provision of services.
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May 26, 2008
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