Home / Knowledge / News / Textiles / FICCI Business Confidence Index hits a new low
FICCI Business Confidence Index hits a new low
28
Apr '08
The high interest rate regime, appreciating rupee, and the rising cost of industrial inputs and raw materials have conspired to give corporate India's confidence level a hard knock.

Fifty per cent of the companies participating in FICCI's latest Business Confidence Survey have reported that overall economic conditions have deteriorated over the last six months compared with 19% in the last survey.

The expectations of the industry with regard to overall economic conditions in the coming six months are also not very optimistic.

While 38% believe that the current economic situation will be maintained over the next six months, close to a third feel that things would turn worse and the situation would further weaken.

The silver lining in the survey is the fact that nearly 54% of the participating firms have reported that their investments are likely to increase in the coming six months.

This figure is much higher when compared to the corresponding figure of 33% obtained in the previous survey. Further, this improvement in the investments index is largely due to the higher reported investments by members from the heavy industry.

The moderation in the assessment made by the participating companies about performance particularly at the economy and at the industry level is reflected in the movement of the confidence indices computed by FICCI.

The values of the three indices computed by FICCI, which had declined to a five year low in the last survey, have further moved down in the present survey.


Must ReadView All

Courtesy: EVG photos from Pexels

Apparel/Garments | On 16th Aug 2018

Bangladesh ups garment export target to $32.689 bn

The Government of Bangladesh has increased the country’s readymade...

Indian investors interested in denim production in Vietnam

Textiles | On 16th Aug 2018

Indian investors interested in denim production in Vietnam

Indian fabric firms are shifting attention from China to Vietnam,...

India's textiles, apparel exports fall by ₹8000 cr: Govt

Apparel/Garments | On 16th Aug 2018

India's textiles, apparel exports fall by ₹8000 cr: Govt

India’s textiles and apparel exports dropped by nearly ₹8,000 crore...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Urmil Arya

Sushila International, a well established textile organisation established ...

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search