India Federation Of Trade And Industry Shows That Business Confidence Index Is Low.

The high interest rate system, the rupee appreciation, and the adverse factors such as industrial production investment and high raw material costs are a great blow to the confidence of India enterprises.

In the latest business confidence survey conducted by the India Federation of industry and Commerce (FICCI), 55% of the companies surveyed believe that the overall economic situation has deteriorated in the past 6 months, compared with the 19% index of last survey.

The industry expects that the composite economic index in the next six months is not very optimistic.

38% of companies believe that the current economic situation will continue to delay for 6 months, and nearly 1/3 of companies feel that the situation will deteriorate and further retrogress.

Nearly 54% of the companies surveyed reported that their investment may expand in the next six months, which added a hope to the report.

The percentage of the last survey was 33%, and the percentage of the survey was higher.

In addition, the improvement of investment index is mainly due to the increased investment of heavy industry members.

In the last survey, the FICCI's three index fell to its lowest level in five years, and the survey continued to decline.

The environmental index for last survey was 59.3, and the survey dropped to 54.5.

The expectations index dropped from 62.2 last time to 55.7 of the survey.

The composite business confidence index dropped from 61.2 last time to 55.3 of the survey.

The current FICCI business confidence survey reflected the three quarter of 2007-08, which was done in March 2008.

A total of 392 companies took part in the survey.

The operating volume of the survey company is between 10 million and 50 billion rupees.

Most of the companies surveyed came from cement, medicine, textiles and clothing, leather, FMCG, heavy equipment and machinery, financial services, paper, metal and metal products, chemistry, IT, automotive and auto parts, steel and other industries.

FICC's latest business confidence survey shows that India's business confidence has dropped to a five year low in the last survey, and the survey sank again.

The India company is deeply concerned about the economic situation. On the one hand, it is growing slowly. On the other hand, inflation is expanding.

The national company reported that the rising price of industrial raw materials is a major problem leading to poor commercial performance.

Many companies have no choice but to raise prices in the coming months.

Rupee's stability helped some companies improve export business at the 40 level, but 56% of the companies still felt that the rupee appreciation weakened their competitiveness.