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Most firms expect no change in investment plans: CII survey
11
Dec '17
Most firms expect no change in investment plans: CII survey
Despite visible optimism in Indian industry with the Confederation of Indian Industry’s (CII) business confidence index climbing to 59.7 during October-December 2017 against 58.3 in the previous quarter, a majority of the firms expect no change in their investment plans, according to the 101st edition of CII’s quarterly Business Outlook Survey.

Around half of the large, medium and small companies surveyed expected to maintain status quo in their domestic investment plans. Around three-fifths of the firms said they expected to keep their investment plans unchanged on the international front as well, a top business daily reported quoting a CII press release. The firms rated low domestic demand, followed by high commodity prices as the “major threats.”

Business conditions may improve as over 63 per cent of the companies anticipated a rise in sales in October-December 2017, compared with only 44 per cent who experienced the same in the previous quarter. Companies also expected new orders to rise in this quarter. (DS)

Fibre2Fashion News Desk – India


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