Working Dynamism in economic activities remained intact in the July-September quarter of the financial year. But its pace seemed to be slowing down. This assessment has been presented in a survey report. According to the ‘NCAER-NSE Business Expectations Survey’, after improving for two consecutive quarters, the business sentiment in the second quarter of the financial year 2024-25 came down to 134.3, which is higher than the first quarter (149.8) and the same quarter of last year (140.7). ) is less than. “All four components of the Business Confidence Index (BCI) experienced a slight softening in sentiment between the first and second quarter of the current financial year,” the survey report says. However, the share of positive responses remained well above 50 percent, reflecting continued economic dynamism.
Companies had expected improvement
According to the report, in the September quarter, 62.1 percent companies expected the overall economic situation to improve in the next six months. Whereas 58 percent of the companies expected their financial position to improve during the same period. During the period under review, companies utilized 96.3 percent of their capacity, which is close to or above the optimum level.
493 companies participated in the survey
The report says sentiments regarding exports of finished products remain encouraging. However, a relatively small number of companies expect it to increase in the next six months. In this survey conducted in September 2024, 493 companies from six cities in all four regions of the country participated.
