Rough Ride
Business confidence slides in the first quarter of 2018/19 as businesses feel the pinch of GST and brace for policy inaction and higher interest rates, finds the latest Business Today C fore Business Confidence Survey.
It has been over a year since the implementation of the Goods and Services Tax (GST) and more than 20 months post demonetisation but the heat and dust has not settled. At least, that's evident from the latest Business Confidence Index (BCI) survey conducted in the April June quarter. Some 65 per cent business leaders surveyed are unhappy with GST while another 64 per cent remain critical of demonetisation.
In the June ending quarter, the BCI on a scale of 100 dropped marginally to 49.3, compared to 50.6 in
