NCAER Released by Business Confidence Index

 The Business Confidence Index (BCI) was released by the National Council of Applied Economic Research (NCAER).

Highlights:

♦ Between the second and third quarters of the 2020-2021 financial year, the index rose 29.6%. In the context of the COVID-19 vaccination campaign in many countries/regions, including India, the vaccination rate has increased.

♦ Respondents also expect that overall economic conditions will improve in the next six months.

♦ They expect that it will increase by 4.8 percentage points in the third quarter of the 2020-2021 financial year. In other words, from 29.8% in the second quarter of 2020-2021 to 34.6% in the third quarter.

♦ They also expect that "the company's financial situation will improve in the next six months." It is expected to increase by 3.1 percentage points in the third quarter of 2020-2021.

About National Council of Applied Economic Research (NCAER):

NCAER is a non-profit economic think tank based in New Delhi. NCAER conducts research in the field of economics. It was established in 1956. Currently, Nandan Nilekani is the president of the governing body.