NCAER's biz confidence index rises 90% in Q2

New Delhi: Indicating signs of improvement, think-tank NCAER on Tuesday said its Business Confidence Index (BCI) increased by 90 per cent in the July-September this financial year over the first quarter.

After the second Covid-19 wave, business sentiments recovered in the second quarter of 2021-22, compared to those prevailing in the preceding three months, NCAER said in a release. The BCI increased by 90 per cent on a quarter-on-quarter (q-o-q) basis and by about 80 per cent on a year-on-year (y-o-y) basis, it added.

"The BCI is also higher than what it was in 2019-20:Q2, signalling an improvement in sentiments over the pre-pandemic period," it said.

National Council of Applied Economic Research (NCAER) carried out its 118th Round of its Business Expectations Survey (BES) in September 2021. It has been carrying out the BES on a quarterly basis since 1991, covering 500 firms across four regions.