Rock Bottom
Business sentiment hits a new low on rising concerns over economic slowdown and GST, finds the latest Business Today C fore Business Confidence Survey.
The economy is in the doldrums. GDP growth fall to a three year low in the June quarter, record low bank credit growth, weak private investment, underperforming exports, and impact of the goods and services tax, or GST, on the informal economy have jolted the confidence of business leaders.
The business sentiment hit a new low in the July September quarter, breaching the previous low of 46.4 in the October December 2016 quarter. The two major dips in business sentiment have been recorded in quarters of demonetisation and GST implementation, highlighting the nervousness of corporate leaders around these
