Mixed Signals
Business confidence rises a bit as business leaders expect improvement in economic growth following the corporate tax rate cut. Their willingness to invest and the outlook for private consumption remain weak though, finds the latest Business Today C fore Business Confidence Survey.
Amid the gloom and doom, the latest findings of the Business Today's Business Confidence Index (BCI) show that the slowdown seems to have bottomed out. The BCI for the July September quarter rose on expectations of improvement in economic growth after the corporate tax cuts announced by Finance Minister Nirmala Sitharaman last month to boost investment, revive growth and create jobs. The BCI on a scale of 100 was at 49.1 compared with 48.5 in the previous quarter and 49.7 in the quarter before that. Market research agency C fore quizzed 500 CEOs and chief financial officers in 12 cities for
