Interviews
Industry is under tremendous cost pressure, FICCI
23 Jun '08
4 min read
While 38% of the respondents feel that inflation will continue be in the range of 7% to 8% six months from now, another 19% feel that inflation rate would be in the range of 8% to 9%. About 6% of the survey participants feel that inflation would be in the range of 9% to 10% six months from now.
Industry response on RBI's inflation target of 5.5% shows that there is a clear preference amongst industry representatives for inflation to be around 5.5% with a downward bias.
While nearly 50% of the participants feel that RBI's target of 5.5% for inflation is just about right, another 21% of the respondents feel that this target is too high.
Responses on the outlook for interest rates show that an overwhelming majority of 88% of the survey participants feels that interest rates would either remain the same or would further go up in the near term.
Amongst this set of respondents there is an almost equal distribution with 44% saying that interest rates would remain at current levels over the next six months and the other 44% saying that interest rates would rise further in the coming six months.
These results can be interpreted as an acknowledgement of RBI's tight monetary stance and of a likely further tightening of the monetary policy in the near term given the present inflationary situation.
On what would be the best course of action on the interest rate front given the present state of the economy, the responses received show that close to 50% of the participants feel that interest rates should go down.
While another 37% feel that interest rates should stay at the present level, about 14% of the survey participants feel that interest rates should go up.
Click here to view more:
Industry response on RBI's inflation target of 5.5% shows that there is a clear preference amongst industry representatives for inflation to be around 5.5% with a downward bias.
While nearly 50% of the participants feel that RBI's target of 5.5% for inflation is just about right, another 21% of the respondents feel that this target is too high.
Responses on the outlook for interest rates show that an overwhelming majority of 88% of the survey participants feels that interest rates would either remain the same or would further go up in the near term.
Amongst this set of respondents there is an almost equal distribution with 44% saying that interest rates would remain at current levels over the next six months and the other 44% saying that interest rates would rise further in the coming six months.
These results can be interpreted as an acknowledgement of RBI's tight monetary stance and of a likely further tightening of the monetary policy in the near term given the present inflationary situation.
On what would be the best course of action on the interest rate front given the present state of the economy, the responses received show that close to 50% of the participants feel that interest rates should go down.
While another 37% feel that interest rates should stay at the present level, about 14% of the survey participants feel that interest rates should go up.
Click here to view more:
Federation of Indian Chambers of Commerce and Industry
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
